- Russia is world's second-largest oil exporter after Saudi Arabia, and the world's largest gas exporter.
- India is world’s third-largest consumer of crude oil, consuming 4.5% of the total crude oil generated in 2016.
- Russian gas giant, Gazprom will supply 2.5 mn metric tonnes of LNG to India annually from 2018 as per a recently signed deal with GAIL. The gas is likely to be sourced from Sakhalin or the Yamal peninsula in Russia.
$85.8 bn Exports of crude petroleum from Russia in 2016
$45 bn FDI inflow in the sector in India in next 5 years
$25 bn Cost of 6,000 km long pipeline to transfer natural gas from Siberia to India
- Russia is world’s second-largest conventional arms exporter after the United States. Combined, the US and Russia account for 58% of all major weapons exports.
- India is the third-largest armed forces in the world and one of the largest importers of conventional defence equipment.
- India is among the top three importers of arms in the world, with a total import of more than USD 2.5 bn worth of arms in 2016.
- JV between Russia's Rostec Corporation and India's Hindustan Aeronautics Limited (HAL) to manufacture Kamov 226 helicopters forms the first platform for defence under the ‘Make in India’ initiative.
- Bilateral projects between the two nations include an indigenous production of T-90 tanks, Su-30-MKI aircraft, supply of MiG-29-K aircraft, Kamov-31 and Mi-17 helicopters, upgrade of MiG-29 aircraft and supply of Multi-Barrel Rocket Launcher Smerch.
31% Share of India’s defence budget spent on capital acquisitions
$10 bn worth bilateral weapons projects in final stage of completion
68% India’s arms imports supplied by Russia
- Between January and August 2016, 468.6 mn tons of cargo passed through Russian ports – an increase of 5.7% compared with volume in 2015.
- With a coastline of 7,517 km, India is strategically located on the world’s shipping routes. Around 70% of India's trading by value is done through maritime transport.
- INSTC and Chennai-Vladivostok sea route are being promoted as alternative routes to reduce time taken to transport goods between India and Russia.
$1.6 bn FDI inflows in the sector in India during 2000-17
2,500 MT Expected Cargo traffic in India by 2025
468 mn Cargo passing through Russian ports during 2015-16
- Russia is world’s third-largest rail network, expanding over 85,200 km.
- India is world’s largest rail network under single-management, spanning over 66,000 root km and employing more than 1.6 mn people.
- A MoU was signed in 2016 between the Ministry of Railways, India and the Russian Railways for technical cooperation for increasing train speeds to 160-200 kmph, modernising control and safety-related systems based on satellite navigation, digital communication means and geo-information technologies.
$142 bn Investment in the sector in India next five years
$17 bn Expected investment for 35 bullet trains in India by 2022
3rd Largest rail network in the world is in Russia
India’s Prime Minister meets with the President of Russia for the Annual Bilateral Summit every year since 2000. It is the highest institutionalized dialogue mechanism in the strategic partnership between the two countries.
In 2017, the 18th Summit was held in Russia in St. Petersburg and concluded in the signing of 12 documents related to cooperation over a very wide range of fields.
The two Inter-Governmental Commissions - IRIGC-TEC (Trade, Economic, Scientific, Technological and Cultural Cooperation) co-chaired by the External Affairs Minister from India and Deputy Prime Minister from Russia and IRIGC- MTC (Military Technical Cooperation) co-chaired by the Russian and Indian Defence Ministers, meet annually.
India and Russia marked 70 years of diplomatic ties in April 2017. A roadmap of celebrations was adopted by both the countries include seminars, discussions, exhibitions, exchanges and many other activities.
According to Russian Federal Customs Service data, bilateral trade in 2016 amounted to USD 7.7 bn, with exports from India amounting to USD 2.4 bn and imports from Russia amounting to USD 5.3 bn.
Major items of export from India include pharmaceuticals, tea & coffee, tobacco, mechanical appliances and organic chemicals.
Major items of import from Russia include pearls, precious and semi-precious stones & metals, nuclear power equipment, electrical machinery and equipment and mineral oils.
FDI inflows for the year 2016-17 stood at USD 11 mn, cumulatively crossing USD 1.2 bn since April 2000. Russia ranked 21st amongst the 156 countries that have invested in India during 2000-17.
There is a strong tradition of Indian studies in Russia. Jawaharlal Nehru Cultural Centre was opened in Moscow in 1989 to fulfill the interests of Russian admirers in the Indian culture and its multifaceted traditions.
The Centre maintains close cooperation with leading Russian institutions and conducts classes in classical dance, traditional musical instruments, and Ayurveda for about 800 students every month. Indian languages such as Hindi, Tamil, Marathi, Gujarati, Bengali, and Sanskrit are taught in leading Russian institutions.
The President of India inaugurated the Year of Indian Culture “Namaste Russia” in Moscow on 10 May 2015. About 15 performances in 8 cities were held as part of the event.
The Indian Embassy in Russia, with support from regional governments, organized week-long celebrations marking the second International Day of Yoga, covering 70 regions and involving over 50,000 enthusiasts.