ROCKY TERRAIN

A rupee-rouble payment agreement is important, but there are issues

1 Many believe that an agreement will lead to enhanced trade volumes and could be beneficial to India

2 There’s a lot of discussion on how important the exchange rate is, especially in the current circumstances

3 Russia has offered other incentives, for example, to dramatically increase pharma imports from India

4 The pact may resolve the payments problem, but could other challenges emerge?

5 Then there are legacy matters, like achieving a balance between economic math and political calculus