Putin hails India’s growth, sovereign policy and $100 bn trade vision at Business Forum | Top 10 quotes

What Putin said on India’s growth, sovereign policy and the $100 bn trade goal

During the India–Russia Business Forum in New Delhi, President Vladimir Putin highlighted the strong economic momentum between the two nations and laid out a roadmap to deepen strategic cooperation.

He praised India’s rapid economic growth and reaffirmed Russia’s commitment to expanding trade, investments, and technology partnerships, including support for the ‘Make in India’ initiative.

Putin also stressed the importance of logistics connectivity, national currency transactions, and collaboration in high-value sectors. The Russian leader said the goal of achieving $100 billion in bilateral trade by 2030 is well within reach.

Here are the top quotes from Putin's address: 

1. The Russian delegation did not only come in order to discuss energy issues and sign contracts for the supplies of oil and gas. What we want is the development of our multifaceted relations with India in various fields.
2. Russia and India are longtime trade partners. Trade volumes are growing at a sustainable pace, and over the past three years, we saw a record increase of up to 80%.
3. As a result, last year the Russian Indian trade volume reached 64 billion dollars.
4. Under the leadership of His Excellency Modi, India is conducting an absolutely independent and sovereign policy and at the same time achieves very good results in the economic field.
5. The Indian economy is one of the fastest-growing in the world. Figures speak for themselves.
6. In Russia, we study the Indian experience with interest, and it is used in the implementation of our national programs of import substitution and localization of products with high value added.
7. This comprehensive document aims at making sure that we can achieve the goal, Mr. Modi and I set for ourselves so that we can increase the trade volume by 2030 to $100 billion.
8. Russian business, our companies are ready to manifold increase the purchase from India of a wide range of goods and services.
9. The ‘Make in India’ initiative, aimed at boosting manufacturing and attracting foreign investment, has played a key role in strengthening India’s position in the global economy.
10. We are working with our Indian partners to build new international transport routes, including the project to create North-South transport from Russia or Belarus to the Indian Ocean coast. Implementation of the project to create the corridor so south to north from Russia and Belarus to the Indian Ocean is ongoing… and infrastructure modernization of the northern sea route is being modernized to use it for the supplies of Indian goods to the world markets.