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Main page | Research and Policy Projects
India-Russia Trade in Goods and Services | 10-05-2007
Project Dates: November 2006

Project Summary:

India is currently one of the most rapidly growing economies in the world and has fair chances of becoming an economic superpower. In 2006 India demonstrated impressive 9% economic growth and had the third largest GDP in the world, based on purchasing power parity (PPP). All that made India an interesting case to research. The goal of the CEFIR project is to analyze the current situation in India-Russia trade in goods and services, to develop the forecast for trade dynamics till the year 2025, to analyze the consequences of creating the free trade zone between Russia and India.

Analyzing the current situation and the prospects for the turnover growth in India-Russia trade flows, the following research has been done:

  • Data collected on the countries’ exports level in goods and services and exports dynamics in 1997–2004 
  • The analysis of the India and Russia comparative advantages at the global market based on the data of 2004
  • The forecast for the India-Russia trade in goods dynamics till 2025 in terms of the trade composition
  • The analysis of the prospects for increasing economic and trade linkages between India and certain Russian regions
  • The analysis of the consequences of creating the free trade zone between Russia and India.

Project Outcomes:

As the final report, project outcomes were presented to the Ministry for Economic Development and Trade of the Russian Federation.
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