IDEAS home Printed from https://ideas.repec.org/p/bdc/ppaper/57.html

Rebalancing India-Russia Trade: Can Putin Soften Trump's Tariff Blow?

Author

Listed:
  • Ashok Gulati

    (Indian Council for Research on International Economic Relations (ICRIER))

  • Harsh Wardhan

  • Sulakshana Rao

  • Raya Das

Abstract

This policy brief assesses the scope of increasing Indian exports to Russia, focusing on select sectors, hard-hit by Trump's tariffs. In T&A, India faces a significant disadvantage due to 13-14 per cent tariffs, compared to zero-duty for Vietnam. In fisheries, although India’s seafood exports total USD 7.4 billion (2024-25), exports to Russia remain limited at USD 138 million, confined to frozen shrimp. Given Russia's USD 2.12 billion import, significant untapped potential exists in mackerel, trout and other value-added products. In case of agriculture, high-value segments, including processed fruits and vegetables and animal products such as bovine meat create clear openings. Yet high tariffs, SPS barriers, certification delays and logistics costs persist.

Suggested Citation

  • Ashok Gulati & Harsh Wardhan & Sulakshana Rao & Raya Das, 2025. "Rebalancing India-Russia Trade: Can Putin Soften Trump's Tariff Blow?," Indian Council for Research on International Economic Relations (ICRIER) Policy Paper 57, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    • Handle: RePEc:bdc:ppaper:57
    as

    Download full text from publisher

    File URL: https://icrier.org/pdf/pb_Rebalancing-India-Russia-Trade.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ashok Gulati & Sulakshana Rao & Tanay Suntwal, 2025. "Navigating Trump's Tariff Blow," Indian Council for Research on International Economic Relations (ICRIER) Policy Paper 44, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    2. Ritika Juneja & Sulakshana Rao & Ashok Gulati, 2025. "Strategies to Boost India's Agri-Exports: Banana; Mango & Mango Pulp; and Potato & its Value Added Products," Indian Council for Research on International Economic Relations (ICRIER) Report 25-r-18, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    3. Ashok Gulati & Raya Das & Sanchit Gupta, 2025. "India's Shrimp Exports: Coping with US Tariffs," Indian Council for Research on International Economic Relations (ICRIER) Policy Paper 50, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      ;
      ;
      ;
      ;
      ;

      NEP fields

      This paper has been announced in the following NEP Reports:

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdc:ppaper:57. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chhaya Singh (email available below). General contact details of provider: http://www.icrier.org .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.