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India-Russia trade reaches $8.5 bn

March 03, 2011 18:45 IST
Source:PTI
The bilateral trade between India and Russia for 2010 stood at $8.52 billion, a top Russian official said on Thursday.

"The bilateral trade for 2010 is $8.52 billion, which is lower than projections made three years back of $10 billion. However, both the countries expect this trade volume will touch $20 billion by 2015," Russian Trade Commissioner Mikhail Rapota said in Kolkata. He was speaking at an interactive session with Bengal National Chamber of Commerce and Industry.

The Russian export was $6.39 billion, which is higher by 7.7 per cent, while Indian exports to Russia grew by 40 per cent over last year to $2.14 billion.

Pharma exports from India to Russia have doubled in the last five years.

Source: PTI
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