This paper deals with the fluctuating nature of India's trade with Russia, focusing on the challenges and opportunities in key sectors such as machinery, equipment, and military hardware. Despite India's intent to make significant purchases, hurdles like ad-hoc currency utilization and limited export prospects persist. The historical context of Indo-Russian relations, from the Soviet era to post-Soviet adjustments, underscores the complexities faced in economic cooperation. Efforts to revive ties led to agreements on friendship and military-technical cooperation, yet economic relations have not paralleled these advancements. Challenges such as currency disputes and declining trade shares have hindered progress, despite some ongoing cooperation in select sectors. Recent initiatives in telecommunications and energy cooperation show promise, alongside efforts to enhance economic ties through strategic dialogues and regional cooperation. Despite geopolitical challenges, both countries aim to deepen economic engagement beyond traditional sectors, evident in recent joint statements and ministerial-level exchanges. The paper concludes by highlighting potential areas for further collaboration, including temporary manpower exchanges and long-term infrastructure projects.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Fluctuations in Indo-Russian Trade
- Energising the energy issues between the two countries
- The Indo-Russian energy dialogue, the resumption of which started with nuclear energy
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This text explores the historical and contemporary economic relations between Russia and India, analyzing the challenges and opportunities for cooperation in various sectors. It aims to provide insights into the dynamics of bilateral trade, investment, and energy partnerships, particularly in the context of changing geopolitical realities.
- Evolution of economic relations between Russia and India
- Challenges and opportunities in bilateral trade and investment
- Energy cooperation and the role of nuclear energy
- Geopolitical influences on Indo-Russian relations
- Strategic partnerships and their significance for both countries
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter sets the stage by outlining the historical context of Indo-Russian relations, highlighting the impact of the Soviet era and the subsequent changes in the global order. It explores the challenges faced by both countries in reviving their economic ties after the disintegration of the Soviet Union.
- Fluctuations in Indo-Russian Trade: This chapter delves into the evolution of bilateral trade between Russia and India, emphasizing the complexities and fluctuations that have marked their commercial relationship. It examines the role of military cooperation, the challenges of currency exchange, and the impact of competition from other countries.
- Energising the energy issues between the two countries: This chapter focuses on the growing importance of energy cooperation between Russia and India, particularly in the oil and gas sector. It highlights India's reliance on Russian energy resources and the potential for future collaborations in the Arctic region.
Schlüsselwörter (Keywords)
The text focuses on key topics such as Indo-Russian economic relations, bilateral trade, investment, energy cooperation, nuclear power, geopolitical factors, and strategic partnerships. Other important terms include the rupee-rouble exchange, military-technical cooperation, the Arctic region, and the Kudankulam Nuclear Power Plant.
- Quote paper
- Dr Shoaib Khan (Author), 2024, Economic Relations between Russia and India. Opportunities and Intricacies, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/1455397
