write a paragraph on india and russia trade relations
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Russia is an old and time-tested partner of India in the field of bilateral trade and cultural exchanges. Development and strengthening of bilateral relations is one of the most important points of India’s foreign policy. In October 2000 “Declaration of the Russian-Indian strategic partnership” was signed to intensify bilateral ties and promote cooperation in virtually all areas of bilateral relations. During the Russian president’s visit to India in December 2010, the strategic partnership has been raised to the level of “special and privileged strategic partnership.” This paper will focus on the trade relations between the two countries and the trend observed for many years and also the future prospects of trade and business.
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