India is now one of Russia's primary foreign trade partners, with bilateral trade reaching an unprecedented $68.7 billion in FY 2024-25, a significant increase from previous years.

In the financial year 2024–25, total India-Russia trade reached an all-time high of about $68.7 billion, up sharply from roughly $13 billion in 2021, marking nearly a five - to six- fold increase over four years.