Because of the U.S.-led sanctions on Russia, that nation has developed an economic policy of substitution creating its own products to replace those now embargo’d. Yet they have another option; a trade deal with India that would allow Russia to employ millions of under-employed India workers.
Ninety-four percent of Indians haven’t got good government sinecure’s nor corporate positions. Instead they exist within the unorganized economic sector where there is a lot of underemployment. For a nation such as Russia with a lot of highly skilled and educated people that may find opportunities of working with the west challenging, India may be the resource that could best be used for the benefit of both nations.
Russian-Indian economic development together may present several investment opportunities.