India, Russia boost bilateral trade to $20 billion by 2015

India and Russia have a target to escalate their bilateral trade to $ 20 billion by 2015. 

The two countries will try to double their trade from $9 billion in five years.

India stressed on the need for diversifying trade basket by allowing in more value added products to enhance two-way trade as the current list of trade is dominated by commodities with large imports of iron, steel, fertilizers and oil from Russia

Month: Current Affairs - June, 2012