SME Times News Bureau | 04 Mar, 2011
The bilateral trade between India and Russia for 2010 stood at USD 8.52 billion, a top Russian official Thursday said.
"The bilateral trade for 2010 is USD 8.52 billion, which is lower than projections made three years back of USD 10 billion. However, both the countries expect this trade volume will touch USD 20 billion by 2015," Russian Trade Commissioner Mikhail Rapota said in Kolkata.
He was speaking at an interactive session with Bengal National Chamber of Commerce and Industry.
The Russian export was USD 6.39 billion, which is higher by 7.7 per cent, while Indian exports to Russia grew by 40 per cent over last year to USD 2.14 billion.
Pharma exports from India to Russia had doubled in the last five years.