New Delhi: Indias imports from Russia multiplied nearly five times to $ 37.31 billion in the April-January period in FY23 owing to an increase in crude oil import from that country, according to the commerce ministry data.
In 2021-22, Russia was Indias 18th largest import partner, accounting for USD 9.86 billion in imports.
In the last 10 months, Russias position with India in terms of trade jumped to the fourth position as it became the largest import source during the current fiscal.
Before the Russia-Ukraine conflict, Russia accounted for less than 1 percent of Indias import basket.
