S Jaishankar Calls For Long-Term India-Russia Partnerships In Energy And Workforce Development

At the India-Russia Business Forum in Mumbai, EAM Dr. S Jaishankar emphasized the complementary strengths of India and Russia’s economies, urging both nations to move beyond transactional interactions and foster long-term partnerships. He highlighted India’s significant role in global energy markets, with high demand for oil, gas, coal, and uranium, as well as fertilizers, which could be met through a mutually beneficial arrangement with Russia. This, he noted, would help both countries navigate current economic volatility. Dr. Jaishankar also underscored the potential for India-Russia cooperation in addressing global workforce demands. He pointed to demographic imbalances as a key factor driving labor shortages worldwide and suggested a targeted initiative to prepare Indian human resources for the Russian job market, calling for active business collaboration. He announced that the India-Russia Intergovernmental Commission would convene in Delhi to review ongoing bilateral cooperation and explore new avenues for growth.