The current level of cooperation between Russia and India is characterized by growing mutual interest among companies in doing business in each others markets, particularly in the energy, metallurgy, automotive, aircraft construction, high-technology transfer, and infrastructure development sectors. By the end of 2017, trade and economic cooperation between the countries had substantially increased, and mutual trade turnover was close to USD 10 billion (up 21.5% from 2016). Inter-regional cooperation is becoming a key factor in strengthening trade and economic ties, and in broadening collaboration in manufacturing. Still, the potential of trade and economic relations has not been exhausted. Elimination of existing restrictions and barriers, development of priority investment projects, strengthening of interregional cooperation, and a number of other initiatives will help achieve the ambitious goal set by the leaders of Russia and India to increase mutual trade threefold to USD 30 billion by 2025. What are the potential areas for deeper industrial and technical cooperation between Russia and India, and what further steps are needed to enable bilateral economic ties to expand, including at the interregional level?