Indian exporters see ‘tremendous’ potential in Russia – industry chief ...News

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Indian exporters see ‘tremendous’ potential in Russia – industry chief
Local currency settlements will significantly benefit businesses trading with Moscow, Ajay Sahai of the exports federation told RT New Delhi can significantly increase exports to Russia and reduce the existing trade deficit by using payment mechanisms in local currencies, the head of the Federation of Indian Export Organisations (FIEO) has told RT. Ajay Sahai, the director general and CEO of the body, predicted that bilateral trade could reach $65 billion in 2024, after exceeding an unprecedented $50 billion last year. Imports from Russia are expected to account for just over $60 billion of the total figure, whil

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