Thanks to the increase, Russia maintained its fifth place among India’s largest trading partners, with a bilateral exchange of 44 billion dollars, which is more than four times what was achieved the year before, according to Sputnik news agency.

Indian product supplies to Russia stood at just 2.8 billion, resulting in a trade deficit of 38.75 billion.

India’s largest trading partners in the fiscal year 2022-2023 were the United States (118.2 billion), China (104.3 billion), United Arab Emirates (77.6 billion) and Saudi Arabia with 48.3 billion dollars.

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