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 2018, the 19^th Summit was held in India in New Delhi where 8 agreements were signed for collaboration in different sectors and the setting up of a Single Window Mechanism to aid Russian companies looking to invest in India was announced.

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.

During April to December 2020 exports from India were worth $1.87 bn and imports from Russia were worth $3.8 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 amount to $1.25 bn since April 2000. Russia ranks 24^th amongst the 159 countries that have invested in India during 2000-20.

India has extended a $1 bn line of credit to Russia for development of projects in the Russian Far-East

There is a strong tradition of Indian studies in Russia. Jawaharlal Nehru Cultural Centre was opened in Moscow in 1989 to fulfil 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.

'Festival of India' was held in Russia from September 2018 - March 2019 to celebrate the diversity of Indian culture. Various performances were put up by over 58 artists and their troupes in 22 cities across Russia.

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.