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India, Russia expand economic cooperation as trade hits record $68.7 bln, official says
Bilateral trade between India and Russia reached a record $68.69 billion in the 2025-2026 fiscal year, according to India's Commerce Secretary, with a goal of $100 billion by 2030. Separately, Russian diplomats report over 70,000 Indian citizens working in Russia, highlighting growing labor mobility cooperation.
India and Russia are deepening their economic partnership, with bilateral trade hitting a record high and labor mobility emerging as a new focus area, according to officials from both countries. India's Commerce and Industry Secretary Amardeep Singh Bhatia said trade reached $68.69 billion in the 2025-2026 fiscal year, while Russian diplomats reported that more than 70,000 Indian citizens are now working in Russia.
Coverage Comparison
Reporting on the story comes from TASS, the Russian state news agency, which carried statements from both Indian and Russian officials. In one article, dated June 30, TASS quoted Roman Babushkin, Russia's Charge d'Affaires ad interim in India, speaking at the Labor Mobility Forum. In another, dated July 3, TASS reported comments from Amardeep Singh Bhatia, India's Commerce and Industry Secretary, made ahead of his visit to Russia.
The two reports complement each other, with one focusing on trade figures and the other on labor cooperation, together illustrating the expanding scope of bilateral ties.
Key Claims
Bilateral trade between India and Russia reached a record $68.69 billion in the 2025-2026 fiscal year, according to Amardeep Singh Bhatia, India's Commerce and Industry Secretary, as reported by TASS.
The two countries have set a goal to increase bilateral trade to $100 billion and mutual investment to $50 billion by 2030, Bhatia said.
More than 70,000 Indian citizens are currently working in Russia, according to Roman Babushkin, Russia's Charge d'Affaires ad interim in India, as reported by TASS.
There is high demand for Indian workers in Russian sectors including agriculture, construction, healthcare, mining, oil and gas, and information technology, Babushkin said.
Labor mobility is a relatively new area of cooperation intended to transform the strategic partnership and increase trade volumes, Babushkin stated.
Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.
Claim
Confidence
Status
ClaimOver 70,000 Indian citizens are working in Russia. This is due to high demand for Indian workers from Russian regions and businesses across various sectors.
ClaimLabor mobility is a new area of Russian-Indian cooperation, intended to play an important role in transforming their strategic partnership and increasing trade volumes.