India
Republic of India — is a country in South Asia, covering the major area of the Hindustan peninsula
It shares land borders with Pakistan to the west, China, Nepal, and Bhutan to the north-east, and Burma and Bangladesh to the east.
Official languages — hindi, english
Capital — New Delhi
Form of government — parliamentary republic
President is the Head of State. Head of government — prime minister, exercises most executive power. Legislature is represented by the Parliament of India, which is two-housed.
Currency — Indian rupee (INR)
Population — 1, 256 billion (2nd in 2014)
GDP — $1,876 trillion (10th in 2013 according to The World Bank)
Market access
Tariff barriers: India custom tariff
Non-tariff barriers: current external markets trade barriers schedule by The Ministry of Economic Development of the Russian Federation
Trade relations with Russia
Source: The Federal Customs Service of Russia
Import structure from India to Russia
(according to the Federal Customs Service of Russia; thousand of USD)
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Export structure from Russia to India
(according to the Federal Customs Service of Russia; thousand of USD)
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Major foreign trade partners of India in 2013
(according to International Trade Center; thousand of USD)
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Source: the Central Bank of the Russian Federation
Investment cooperation between Russia and India
According to the Russian Federal State Statistics Service over the January-December 2013 period cumulative investment from India reached $3,41 billion, which includes $3,37 billion of FDI.
Cumulative Indian investment in Russia in 2010-2013
(according to the Russian Federal State Statistics Service; thousand of USD)
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Over the January-December 2013 period Russian economy received $543,2 million in investment from India, which includes $488,1 million of FDI.
Investment from India received by the Russian economy in 2010-2013
(according to the Russian Federal State Statistics Service; thousand of USD)
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Over the January-December 2013 period total Russian investment in India amounted to $825,7 million, which includes $533,3 million in direct investment.
Cumulative Russian investment in India in 2010-2013
(according to the Russian Federal State Statistics Service; thousand of USD)
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Over the January-December 2013 period total Russian investment flow in India amounted to $31 million, which includes $116,3 thousand in direct investment.
Russian investment flow to Indian economy in 2010-2013
(according to the Russian Federal State Statistics Service; thousand of USD)
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Integration
In October 2013 the Indian prime minister Manmohan Singh visited Russia. The parties agreed to establish a joint research group to explore a possibility to establish a universal economic partnership between India and The Customs Union (Russia, Belarus and Kazakhstan).
The decision №14 (as of March 28, 2014) on the commencement of the work of a joint research group exploring the rational of a conclusion of a Free Trade Area Agreement between the Customs Union, the Common Economic Area and the Republic of India was made by the Eurasian Economic Committee Counsel.