India’s Ministry of Industry and Trade said on Friday that trade between Russia and India in the first five months of the fiscal year, which begins in India last April, topped $18.2 billion.
According to the Indian Ministry, trade between the two countries between April and August 2022 amounted to $18.229 billion, and with a significant increase in the indicator, Russia has become India’s seventh largest trading partner.
The trade balance is in favor of Russia as Russia’s exports to India amounted to $17.2 billion and Indian exports to Russia reached $992.73 million.
During the specified period (April-August 2022), India imported energy resources and fertilizers from Russia.
By comparison, in the last fiscal year, Russia ranked 25th with a total trade of $13.1 billion.
Source: TASS