During the Cold War, India and the Soviet Union (USSR) had a strong strategic, military, economic and diplomatic relationship. After the collapse of the USSR, Russia inherited its close relationship with India. This resulted in India and Russia sharing a special relationship.
Traditionally, the Indo-Russian strategic partnership has been built on five major components: politics, defense, civil nuclear energy, anti-terrorism co-operation and space. These five major components were highlighted in a speech given by former Indian Foreign Secretary Ranjan Mathai in Russia. However, in recent years a sixth component, economic, has grown in importance.
Bilateral trade between both countries is concentrated in key value chain sectors. These sectors include highly diversified segments such as machinery, electronics, aerospace, automobile, commercial shipping, chemicals, pharmaceuticals, fertilizers, apparels, precious stones, industrial metals, petroleum products, coal, high-end tea and coffee products. Bilateral trade in 2002 stood at $1.5 billion and increased by over 7 times to $11 billion in 2012 and with both governments setting a bilateral trade target of $30 billion by 2025.
India is the second largest market for the Russian defense industry. In 2017, approximately 68% of the Indian Military’s hardware import came from Russia, making Russia the chief supplier of defense equipment. India has an embassy in Moscow and two consulates-general (in Saint Petersburg and Vladivostok). Russia has an embassy in New Delhi and four consulates-general (in Chennai, Hyderabad, Kolkata, and Mumbai).
A 2017 opinion poll by the Moscow-based non-governmental think tank Levada-Center states that Russians identified India as one of their top five “friends”.
Both countries closely collaborate on matters of shared national interest these include at the UN, BRICS, G20 and SCO. Russia also strongly supports India receiving a permanent seat on the United Nations Security Council. In addition, Russia has vocally backed India joining the NSG and APEC.
Relations with India have always been and I am sure will be one of the most important foreign policy priorities of our country. Our mutual ties of friendship are filled with sympathy, and trust, and openness. And we must say frankly that they were never overshadowed by disagreements or conflict. This understanding – this is indeed the common heritage of our peoples. It is valued and cherished in our country, in Russia, and in India. And we are rightfully proud of so close, so close relations between our countries.
—Dmitry Medvedev, about relations with India
We are confident that India lives in the hearts of every Russian. In the same way, I can assure you that Russia also lives in our souls as a Homeland, as people who share our emotions, our feelings of mutual respect and constant friendship. Long live our friendship!
—Pratibha Patil, about relations with Russia
“…India-Russia relationship is one of deep friendship and mutual confidence that would not be affected by transient political trends. Russia has been a pillar of strength at difficult moments in India’s history. India will always reciprocate this support. Russia is and will remain our most important defense partner and a key partner for our energy security, both on nuclear energy and hydrocarbons,”
—Pranab Mukherjee, about relations with Russia