Modi–Putin Summit Sets 2030 Trade Goals And Defence Roadmap

India and Russia concluded their 23rd Annual Summit in New Delhi with an expansive roadmap aimed at deepening economic, defence, scientific and cultural cooperation. Marking 25 years of their strategic partnership, both leaders described the relationship as resilient amid global uncertainty.

Ambitious Economic Agenda For 2030

Prime Minister Narendra Modi and President Vladimir Putin reaffirmed a target of USD 100 billion in bilateral trade by 2030. A new “Programme 2030” will guide cooperation in key economic sectors while negotiators work toward a Free Trade Agreement between India and the Eurasian Economic Union. Both countries also committed to facilitating payments through national currencies and exploring interoperability between digital financial platforms.

Energy, Connectivity And Arctic Cooperation

Energy was highlighted as a foundation of the partnership. The roadmap covers oil, gas, nuclear power, petrochemicals and new energy technologies. Connectivity projects such as the International North-South Transport Corridor, the Chennai–Vladivostok maritime corridor and the Northern Sea Route received renewed attention. Collaboration in the Russian Far East and Arctic will span mining, agriculture, critical minerals and maritime logistics.

Defence Co-Production And Strategic Technology

Defence cooperation is set to pivot towards co-production and joint development under India’s self-reliance push. Both sides agreed to expand manufacturing of spare parts and components for Russian-origin equipment in India, including for exports to friendly countries. The summit also advanced work on nuclear energy, including support for the Kudankulam Nuclear Power Plant and progress toward a second nuclear project site. Space agencies ISRO and Roscosmos will deepen collaboration in navigation, exploration and human spaceflight.

Exam Oriented Facts

• India and Russia reaffirmed a target of USD 100 billion bilateral trade by 2030.
• Programme 2030 outlines cooperation in trade, energy, technology and connectivity.
• Defence ties shift toward joint R&D and co-production under Make in India.
• Russia reiterated support for India’s bid for permanent UNSC membership.

Geopolitical Coordination And Multilateral Engagement

Both leaders stressed cooperation at the UN, G20, BRICS and SCO, calling for comprehensive UNSC reform and stronger multilateralism. Counter-terrorism commitments were reinforced, with condemnation of recent attacks and a call for adoption of the Comprehensive Convention on International Terrorism. The summit also underscored collaboration on climate action, low-carbon technologies and disaster resilience, framing the partnership as an anchor of stability in a multipolar Asia.