| Indo-Russia trade deepens amid Ukraine crisis; apparel exports halve
22 Apr 23 2 min read
Insights
- Russia has become India's top crude oil supplier, increasing imports from Russia while exports have not risen proportionally, leading to a larger trade deficit.
- India's garment exports to Russia dropped by more than 56 per cent to $29.848 million in 2022.
- India's garment exports to Russia accounted for only 0.46 per cent of its total exports in 2022.
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