Russia India ties in danger situation
Russia will financially get impacted due to decision taken by India
India decided not to purchase 101 components which is currently used in the defense industry but imported from the the foreign countries.
India want to manufacture 101 components list indigenous and save foreign exchange, it will also boost indian economy and give employment to Indian youth
Russia will impact badly because most of the components we import from Russia. U SA has put a lot of sanctions on Russia Russia so Russian economy is in bad shape. Russia used to sell defence equipment and earn a lot of foreign exchange and their economy is based only on defense equipment. Not so many countries are doing business with Russia.
Russia is a country when in need help India when Western countries put sanctions on India after nuclear test.
Russia was always supporting India against Pakistan putting Veto against decision taken by western countries.
Russia helped India alot in its difficult situation.
Due to to this decision Russia can incline towards China to save their economy
Which is very dangerous for India so what are the options india has.
India can purchase critical equipment advance equipment from Russia
India can invest in Russian research and development
India can bi technology and patents from russia
Russia can help India in space program and thereby increase economic ties
India can invest in Russia as Russia has lot of natural resources
India can ask Russia to invest in Indian economy and get more benefit from the growth of Indian economy
India Russia companies can have more joint ventures in the industry so that Russia should not get incline towards China and ties with the India remain the same as in the history
India should make sure that India solve the problems of Russia and Russian economy and never keep Russia alone and isolated.
India should find out areas in which if Russia and India work together or in group of countries will benefit Russia specially to grow difficult Russian economy.
India can also Bridge a gap to to convince USA to have normal relationship with Russia for the benefit of the world or rest of the countries
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