Firebird wrote:Pinto wrote:http://www.asianage.com/india/india-and-russia-keeping-special-partnership-track-248
Growth in bilateral trade and investment has not been commensurate with other areas of bilateral engagement. Two-way trade continues to languish at an abysmally low level of $10 billion. The two countries have fixed a target of $30 billion by 2025. Several silver linings have appeared recently on the horizon. Some of these include: India’s prospective membership of Eurasian Economic Union, development of International North-South Transport Corridor, trial runs on which took place on August 8, 2016, construction and upgradation of Chabahar seaport to promote and improve connectivity with Central Asia, Russia and Afghanistan.
India’s membership of Shanghai Cooperation Organisation will provide several opportunities to promote security, stability and economic growth in Central Asia and the region. Regional countries need to collaborate actively to ensure that Afghanistan does not descend into conflict and instability. Russia and India can play a crucial role in this as also in dealing with the scourge of terrorism emanating from Pakistan, Afghanistan and West Asia. Unrest and continuing violence in Syria as well as the uncontrolled spread of Islamic State, terrorism and radicalisation of youth are other challenges that the two countries need to quell and overcome together.
Both India and Russia are factors of peace, stability, security and economic development, domestically, bilaterally and regionally. Rapidly expanding special and privileged strategic partnership between the two countries bodes well for future of India and Russia as well as the region.
The author is a former ambassador
Pinto, or anyone else, do you know how far the North South Corridor is expected to go, long term in regards developing trade between India and Russia?
In many ways, the 2 countries seem perfect partners.
Ru = military superpower, vast resources, lots of technology knowhow. But a not so huge population
India = huge population, need for resources, developing military power, also tech knowhow in other areas.
The problem is connection. Do they anticipation the long term trade route will be via Central Asia, Pakistan, perhaps Afghanistan? Or by sea and via Iran. Or via China even?
One good thing is that unlike China or the West, there are no real disputes between Ru and China. If the 2 were put together (which ofcourse is only possible in some ways) they'd perhaps be the global leading power or thereabouts in the not too distant future.
I don't think a mass transfer of peoples would work. But certainly close collaboration in many other areas. One idea I have is for Indian workers to work in special zones in underpopulated parts of Russia. Say one industry towns, or agricultural areas. They would not get residency, movement or passport rights, as they would be working for both Russia and India. But they would have good wages, potential skill development and allowing both the Indian and Russian economies to grow. They could then return to India and repatriate their post tax earnings. It would be better too for Russia - allowing it to leverage its resources and knowhow - and not falling into the errors Western govts have made in importing cheap labour on mass, with all the cultural problems that may cause.
So I wonder how far Russia-India trade and development will go. Because currently, despite their undouted synergies, trade is rather modest outside of arms.
I wonder if Pakistan and Afghanistan would want to get in on this N-South Corridor? The Russia-India route could certainly rival the China-Russia-Europe new silk road.
I really think success between Ru and India could be massive for both countries. Russia can be uneasy about China, but there shouldn't be any need to be with India. Likewise, NATO countries don't tend to show India (or Russia) much respect. So in many ways, they are natural partners.
yeah you are right bro actually since cold war one aspect which remained undermined with Russia has been two way trade between our two countries
which has sky high potential to benefit both countries immensely. Actually this has been realized by both countries leaders now, because since past 2 summit we are seeing more emphasis on trade and not alone defence which is laudable effort
India is expected to have 70% of its arms of Russian origin for 2 decades more at least and so its hard to get from 90 - 100 in defence so it makes sense to work on trade ties two where both countries if tried sincerely can achieve 100b$ trade by 2025 not 30b 4 which is the target now