New Delhi, Dec 4 (UNI) Underscoring the need for greater balance and diversification in bilateral trade, union Minister of Commerce & Industry Piyush Goyal on Thursday said there are enormous opportunities to expand commerce between India and Russia and work towards a more balanced trade relationship.

Highlighting key sectors with strong potential for Indian exports, Goyal pointed to consumer goods, food products, automobiles, tractors, heavy commercial vehicles, electronics such as smartphones, industrial components, and textiles. “Bilateral trade is reaching USD 70 billion, but we cannot rest. We need to grow, we need to balance that (India’s trade deficit with Russia),” Goyal said at the India–Russia Business Forum in New Delhi, organized by industry chamber FICCI.

Acknowledging that

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