Economy

Russian Economy
The aggregate GDP of the Russian Federation is $2.1 trillion (2013).
Purchasing power GDP is 2,553 trillion.
Per capita GDP is $14 611,70 per year.

The Russian economy is growing. Beyond crisis recession, the average annual growth rate of industrial production in Russia ranges from 2.6% (2012) to 8.4% (2010).

Sectoral structure of Russia's GDP (2012):
Agriculture and forestry — 3.8%
Mining — 10.9%
Manufacturing industry — 15.2%
Production and distribution of electricity, gas, water and other utilities — 5.1%
Construction — 6.5%
Trade — 19.7%
Transport and communications — 8.2%
Finance and services — 17.1%
Public administration, education, health and military security — 13.5%

In 2018 Russian exports reach $444,0 billion, imports — $249,1 billion. Russian economy stability provides one of the lowest public debt levels in the world — less than 10% of GDP (7.9% for 2013). Russian consumption potential is high enough. By Indian standards, most of Russian citizens are well-off: in 2012 mean income was $7 000 per year. More than 5 million families have annual income over $30 000. There are more than 100 dollar millionaires in Russia. Trading, agricultural products supply, financial sector, remote services sector and tourism can be of interest for Indian business in Russia.

Population of Russia is 146 100 000. Russian citizens are highly educated. In 2012, 24% of Russians had higher education, 25% — secondary technical education, 18.3% — complete general education (11 school grades), 9.6% — compulsory education (9 grades). Literacy rate in Russia is above 99%.