Wednesday, September 30, 2009

004 WHAT IS HAPPENING TO INDO RUSSIAN TRADE?

The present level of Indo Russian trade is $10 billion per annum. The Govts. are planning to raise it to $20 billion by 2015.

Can you imagine the size of Indo Chinese trade? $60 billion. India imports abnormally from China, even those goods which India can manufacture indigenously. China has occupied about 36,000 square miles of Indian territory in Arunachal Pradesh and Ladakh. Indians should have shame to trade with an enemy country and strengthen them by buying their goods.

Russia (erstwhile Soviet Union) was always helpful to India. It not only bought Indian goodss, but also persuaded the erstwhile East European Communist countries like Bulgaria, Czechoclavakia, East Germany, Rumania, etc. to buy Indian goods extensively. Russia and its associates supplied goods to India accepting payment in Indian Rupees, when every other European country and USA demanded payment in hard currencies. Russia provided technologies to India when every other country held their technologies to their chest.

Why Indian traders and industrialists have a craze to buy Chinese goods and not Russian goods? Some of the Russian goods may be of poor quality. India should try to identify qualitative Russian goods for purchase from them.

Russia was always a true friend of India, except on one occasion i.e. when China invaded India in 1962. Russia endorses India's admission to the permanent membership of Security Council, with Veto rights. Besides, Russia sells nuclear fuel to India without strings.