Putin: "Make in India" Has Had a 'Truly Impressive Effect' on Indian Economy

Putin Praises "Make in India" Initiative, Says Russia Can Learn from It

Russian President Vladimir Putin on Friday praised Prime Minister Narendra Modi and the "Make in India" initiative, saying that it has had a "truly impressive effect" on the Indian economy.

Speaking at a forum in Moscow, Putin said that Russia could learn from the "Make in India" initiative, which aims to attract foreign investment and promote domestic manufacturing.

"Our friends in India and our big friend, Prime Minister Narendra Modi, launched the 'Make in India' initiative several years ago. It has had a truly impressive effect on the Indian economy. It would do no harm to emulate what is working well, even if it was not us but our friends who created it," Putin said.

Putin also discussed the opportunities for Russian companies due to the sanctions imposed by the West. He said that Moscow needs to offer support tools to help Russian companies market their products more efficiently.

"The current situation has created new opportunities for our companies. We need to offer support tools to help our companies market their products more efficiently," Putin said.

Putin's comments come as Russia faces increasing isolation from the West due to its invasion of Ukraine. The sanctions have had a significant impact on the Russian economy, and Putin is looking for ways to mitigate the dadamage.

The "Make in India" initiative could provide a model for Russia as it seeks to rebuild its economy. The initiative has been successful in attracting foreign investment and promoting domestic manufacturing, and it could be replicated in Russia.

However, there are some challenges that Russia would need to overcome in order to implement a similar initiative. The Russian economy is not as open as the Indian economy, and there are a number of bureaucratic hurdles that would need to be cleared.

Despite the challenges, Putin's comments suggest that Russia is open to learning from the "Make in India" initiative. This could be a positive development for both countries, as it could help to boost economic cooperation between India and Russia.