This brief assesses the presence of India’s private sector in Russia and evaluates the potential for enhanced relations. [9]Still, there is significant scope for increased engagement by the Indian private sector in Russia. As both countries increasingly prioritised partnering with the West, the Indian private sector managed to establish only a limited presence in Russia. [57] Given that the private sector is risk-averse and operates in a price-sensitive market, it will be a challenge to incentivise private sector companies to shoulder such a huge risk. [57] Given that the private sector is risk-averse and operates in a price-sensitive market, it will be a challenge to incentivise private sector companies to shoulder such a huge risk.

Source: Economic Times November 06, 2024 23:43 UTC