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Prime Content | 
War derails India's apparel exports to Russia in Jan-May 2023

25 Aug '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India is working to increase trade in INR with Russia.
  • India's textile trade with Russia remains small, with $14.253 million in apparel and $2.045 million in fabric exported in the first 5 months of 2023.
  • An INR trade mechanism has been initiated, with the RBI issuing guidelines for opening SRVA by Russian banks in Indian commercial banks.

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