India and Russia prospecting the joint projects in Asia and Africa with interconnection in the field of digital technologies, to initiate economic relationships, and change the ongoing negative Trends.
The two sides also plan to jointly create an ecosystem of startups and venture funds for the development of information technologies.
These subjects were part of a conference jointly organized by the Russian International Affairs Council (RIAC) and the MEA-run Indian Council of World Affairs (ICWA). The joint conference has been held since 2017 alternatively in Moscow and New Delhi.
The Indian side pointed out that the potential of bilateral trade is limited by non-tariff and logistics barriers, which have not been completely eliminated. The participants also included in the list of main problems of bilateral relations the continuing stagnation of trade and economic cooperation. The positive dynamics of interaction in such areas as military-technical, aerospace, and nuclear energy have not changed the overall situation.
