The year 2024 marked a significant milestone in the development of the strategic partnership between Russia and India. Trade turnover between the two nations reached a record high, surpassing $50 billion. Key agreements were signed in the energy sector, including the expansion of Russian hydrocarbon supplies and joint development of renewable energy sources. In the realm of defense cooperation, India began domestic production of several Russian defense systems, highlighting the importance of technology transfer and collaborative innovation.
Additionally, significant progress was achieved in high-tech and IT sectors. Russian companies actively entered the Indian market, offering solutions in cybersecurity, artificial intelligence, and blockchain. India, in turn, invested in Russia's agro-industrial complex and pharmaceutical industries, strengthening food and medical security for both nations. These achievements underscore the dynamic growth of bilateral relations, rooted in mutual respect and a shared commitment to long-term collaboration.
Additionally, significant progress was achieved in high-tech and IT sectors. Russian companies actively entered the Indian market, offering solutions in cybersecurity, artificial intelligence, and blockchain. India, in turn, invested in Russia's agro-industrial complex and pharmaceutical industries, strengthening food and medical security for both nations. These achievements underscore the dynamic growth of bilateral relations, rooted in mutual respect and a shared commitment to long-term collaboration.