However, this has also resulted in trade being skewed in favour of Russia, as India’s exports have remained stagnant.
The inter-governmental commission is a mechanism for monitoring progress in bilateral trade and economic cooperation. It was set up under the Agreement on Inter-governmental Commission on Trade, Economic, Scientific and Technological Cooperation signed in May 1992.
The first session of the IRIGC was held in September 1994. A total of 23 IRIGC meetings have been held so far.
The 23rd session of the IRIGC was held in Moscow in September 2018. Monday’s review meeting paved the way for the next meeting, which will be hosted by India.
Source- Hindustan Times.