India’s relationship with Eurasia has been essentially state driven so far. Despite the historically friendly bilateral relationship between India and countries of Eurasia, B-2-B interactions have been insignificant, resulting in a business deficit. The Eurasian region constitutes less than 2% share in India’s total Global Trade. And, this is despite the fact that the Eurasian region, comprising of Russia, Ukraine, Kazakhstan, Uzbekistan, Azerbaijan, Belarus, Turkmenistan, Tajikistan, Kyrgyzstan, Georgia, Armenia and Moldova, having a combined population of approximately 300 million with a combined GDP (PPP) of $3000 billion approximately. India’s major trading partner in the Eurasian region are Russia, Ukraine, Kazakhstan, Uzbekistan, Kyrgyzstan and Belarus, constituting more than 90% of India's total bilateral trade with this region.
The true potential of bilateral trade and commercial relations is yet to be explored and tapped.
India - Eurasia “Trade Basket” needs to expand by exploiting each other’s “Comparative Advantages”, quickly bridge the “Information Gap” by ways of Information Dissemination regarding new and emerging areas of opportunities to the business communities of both regions, and this book is actually a concrete step towards it. This book is going to be a first-of-its-kind and hopes to address most of these issues through this publication by providing a reference material to the business community of India and Eurasia.