Russia's GDP is half that of India, how did the blessing of Putin's country become a curse?

Last Updated:December 04, 2025, 16:33 IST

Putin is about to land in India, he has come to force relations with a friend who is facing the brunt of tariffs. America has definitely imposed tariffs on India but India’s GDP growth is still on the rise. Russia’s GDP is half that of India and it comes at number 9 among the most powerful economies of the world. Know further why such a rich country which dominates the world’s oil trade is in such a condition?

Difference between economy of India and Russia

Moscow: Russian President Vladimir Putin is going to land on Indian soil today i.e. on 4th December. PM Modi himself will go to receive him. After this, 5th December is going to write a new chapter in India-Russia relations. PM Modi and Putin are going to sign many strong deals on Friday. All these deals are going to happen at a time when India-Russia relations are facing the brunt of tariffs. If we talk about economy, India is far ahead of Russia. It is the fastest growing major economy in the world and Russia’s total GDP is almost half that of India.

The world saw the power of India

Trump has been trying to break India-Russia relations for a long time and in such difficult times, Putin is coming to further strengthen relations with India. America had imposed a penalty of 25 percent tariff on India for purchasing oil from Russia, but still there was growth in India’s GDP. According to the Finance Ministry, India’s GDP growth rate in the third quarter from July to September was 8.2 percent.

What is the condition of Russia GDP?

Apart from this, India has come to fourth position among the most powerful economies of the world. In 2025, this place has been snatched from Japan and now the country is moving towards becoming the third largest economy in the world. Russia comes at ninth place in this list. Even in difficult circumstances, India’s total GDP is 4.3 trillion dollars, whereas Russia’s GDP is almost half that of India i.e. 2.54 trillion dollars.

How did a blessing become a curse?

Russia’s economy is almost entirely dependent on natural resources, particularly crude oil and gas. Putin’s decision that 60% of the country’s economy gets affected when oil prices fall in the international market. This has a direct impact on the total income of Russia and its GDP falls badly. To increase GDP, Russia needs oil price of $ 80 per barrel, which is not at all possible in the circumstances of war. Other industries like technology and high-value manufacturing are of no use here, due to which Russia’s economy becomes weak.