Russia becomes India's 5th-largest trade partner, up from 25th spot: Report

Driven by a surge in oil and fertiliser imports, Russia has emerged as India's fifth-largest trading partner during the April-September period, up from the 25th position at the end of FY22, ToI cited official data. US and China have retained the top two positions. Trade deficit with Moscow is pegged at over $20 billion during the first half of FY23.