India can lift exports to Russia from $5 bn to $35 bn! Why a modern rupee-rouble settlement system is needed – explained

India can boost its exports to Russia seven-fold, reaching $35 billion by 2030, by tapping into sectors like food, pharmaceuticals, and textiles. Currently, trade is heavily skewed towards oil imports, with exports lagging significantly. A key hurdle is the lack of a predictable payment system, hindering broader market access for Indian goods.

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