India and Russia maintain strong and resilient economic cooperation that has grown significantly in recent years, with bilateral trade reaching a record high of nearly $70 billion, India’s Commerce and Industry Secretary Amardeep Singh Bhatia said in comments carried by TASS ahead of his visit to Russia.

Bhatia said bilateral trade between the two countries in the 2025–2026 fiscal year reached a record $68.69 billion, describing it as reflecting the resilience, complementarity and strategic nature of the economic partnership.

He also recalled that the two countries’ leadership has set goals of increasing the volume of bilateral trade to $100 billion and raising mutual investment to $50 billion by 2030, calling those benchmarks a roadmap for further development of economic cooperation.