International
External Affairs Minister S. Jaishankar has raised concern over India’s widening trade deficit with Russia during his visit to Moscow. Speaking at the 26th India–Russia Intergovernmental Commission meeting, he said that while bilateral trade has expanded rapidly, the imbalance has become unsustainable. Trade Growth and Deficit Figures Bilateral trade has grown from $13
Business Trade
India has restarted negotiations for a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), a bloc led by Russia and including Armenia, Belarus, Kazakhstan, and Kyrgyzstan. The two sides signed the Terms of Reference (ToR) in Moscow to formally relaunch talks. The EAEU represents a market with a combined GDP of over $6.5 […]
International
India and China have agreed to restart direct passenger flights between the two countries. The decision was announced during Chinese Foreign Minister Wang Yi’s visit to New Delhi. Air services were suspended in 2020 following the Galwan Valley clash and pandemic restrictions, leaving business and student communities dependent on third-country transit routes. Border Trade