On July 25, 2025, the Chamber of Commerce and Industry of the Russian Federation hosted the conference "India's Economic Potential: Development of Relations and Prospects for Russian Business", organized by the Chamber of Commerce and Industry of the Russian Federation with the support of Sberbank.
The conference was opened by Vadim Chubarov, Vice President of the Russian Chamber of Commerce and Industry, who noted that in 2024 the volume of trade between Russia and India exceeded a record $70.6 billion, which is 9.2 % higher than in 2023.
"The COC of the Russian Federation is doing a everything for the cooperation of Indian and Russian entrepreneurs. Therefore, in 2023 and 2024, The COC, organized business travels to India twice. In addition, 67 regional chambers held over 120 events in the Indian sector and 6 business travels. This means that there is certainly an interest in the Indian approach to business”, Vadim Chubarov said.
The Vice President of the Russian Chamber of Commerce and Industry said that not only has the number of joint business events increased on the Russian-Indian track, but international legal cooperation has also strengthened.
Manish Kumar, President of Soltex Group, Deputy Chairman of the Commission for Foreign Economic Cooperation with Partners in India at the Moscow Chamber of Commerce and Industry, listed the key factors of India's current economic growth. He named stable growth in domestic consumption, a demographic dividend, extensive investments in infrastructure, a developed digital economy and a well-designed scheme to stimulate production.
Evgeny Griva, Deputy Trade Representative of the Russian Federation in India, said that, in addition to the mentioned factors of economic stability, the stable political situation also speaks in favor of doing business in India. In addition, he called on entrepreneurs to participate in industry conferences and exhibitions — according to him, in recent years they have been one of the most effective tools for developing trade and economic ties.
