Russian President Putin praised Prime Minister Modi's unwavering stance on India's national interests, noting Modi's resistance to pressure. Putin emphasized the growing bilateral ties and attributed the progress to Modi's policies. He highlighted the potential for increased trade between India and Russia, underscoring India's economic strength. Putin also mentioned discussing the North-South Corridor with Iran, indicating India's interest in the project.
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~HT.99~ED.102~
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NewsTranscript
00:00 First of all, let me say that the relations between Russia and India are consistently
00:07 developing in all the areas, and the main guarantor for that is the policy led by Prime
00:14 Minister Modi, His Excellency, is one of the politicians of the global scale that I was
00:21 talking about previously without giving the names.
00:25 I cannot imagine His Excellency Modi getting intimidated or being forced to take any steps
00:32 or actions that would go against the national interests of India and the people of India,
00:38 and there is pressure against him, I am aware of that.
00:42 We never talked to him about that.
00:44 I can see that, and to be honest with you, I am amazed at his strict position to defend
00:53 the national interests of India.
00:56 We do see that, and let me repeat, the volume of trade is on the rise.
01:01 Last year, it reached $35 billion in one year, and in the first six months of this year,
01:09 it already was $33.5 billion, so the growth will be significant.
01:17 We understand that India is mostly getting preferences due to the discounts on the Russian
01:26 energy resources, and that's the right thing to do, to be honest.
01:30 I would do the same in their spot in this situation.
01:35 They are making good earnings on that.
01:38 Sure, that is not enough.
01:41 Our opportunities are much wider.
01:46 If we take a look at the global rates and the ratings of economy and the GDP by the
01:51 purchasing power parity, India would rank third in the world.
01:56 Russia ranks fifth.
01:57 To remind you, it goes China, United States, India, and Japan, then Russia takes the fifth
02:04 spot.
02:05 These are the major global economies by the purchasing power parity.
02:14 [BLANK_AUDIO]