Factors weakening India-Russia Economic ties
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- The lack of involvement of the private sector; absence of logistics; poor connectivity; and more recently, the stalling of the International North-South Economic Corridor, have resulted in higher costs
Issues related to Defence
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- There has been a gradual decline in the orders of India from Russia because of:
- India’s desire to diversify its defence imports and therefore a heightened competition for Russia with other suppliers
- Dissatisfaction in India with post-sales services and maintenance being offered by Russia
- Moreover, India has also had concerns in the past regarding supply and servicing of defence supplies.
- Some of these included a five-year delay in the delivery of aircraft carrier Admiral Gorshkov (later renamed INS Vikramaditya) as well as its cost escalation
- There has been a gradual decline in the orders of India from Russia because of:
Russia’s apprehensions over India’s foreign policy
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- Russian officials have repeatedly criticized the idea of the Indo-Pacific and the Quad, arguing that it is meant to contain China
- Russia believes that, India is currently an object of the Western countries
The USA factor
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- The source of divergence between Indian and Russian interests lies in the continuing problems that Russia faces in its relations with the US
- The consequence of this confrontation is that Moscow has increasingly leaned on China both for support as well as a way to undermine American power
- At a time of greater prospects with India-USA engagements, it might get difficult to maintain the balance in India-Russia ties as well
