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Economy / The Economic Times

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Higher pharma, chemicals exports to Russia bloc on agenda to trim deficit

India is negotiating a trade deal with the Eurasian Economic Union to increase exports of pharmaceuticals, chemicals, and engineering goods. The agreement aims to reduce India's trade deficit with Russia. Discussions focus on product categories and potential restrictions. This move comes ahead of Russian President Vladimir Putin's visit. The EAEU market presents significant opportunities for Indian businesses.

4 Dec 2025 12:29 am