Modi meets Putin
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 9 July 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: India’s prime minister, Narendra Modi, is in Russia to “deepen ties” between the two countries on Mr. Modi’s first trip to Russia since the beginning of its war Ukraine. China’s biggest electric carmaker — and Tesla’s big rival — BYD has reached a deal to build a $1 billion manufacturing plant in Turkey. And Sweden marks 50 years of paid parental leave for couples to share.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | When it comes to Trade, are India and Russia best friends now? |
| 0:04.8 | Hello, this is the Marketplace Morning Report and we're coming to you live from the BBC World Service. |
| 0:09.8 | I'm Leanna Byrne and a very good morning to you. |
| 0:12.0 | India's Prime Minister Norengra Modi is in Russia right now too, as he puts it deep in ties between |
| 0:17.9 | the two countries after a day of informal talks over tea in Russia's President Vladimir Putin's suburban residents. formal talks |
| 0:25.0 | in Russia's president Vladimir Putin's suburban residents. Today's talks are expected to be more formal. |
| 0:27.0 | The BBC's Aruna Dame Mukerjee can tell us more. |
| 0:30.0 | Hello. |
| 0:31.0 | Hi, Leanna. |
| 0:32.0 | These two are big trading partners at the moment, so presumably this is going to be a lot about trade. |
| 0:38.0 | That's right. |
| 0:39.0 | That is going to be prioritised and we need to understand this in a geopolitical context really because this is a time |
| 0:44.6 | when the West has boycotted Russia but India is sending out a message that they are not |
| 0:49.2 | boycotting Russia in fact trade between India and Russia nearly doubled last year, hitting around $65 billion. |
| 0:56.5 | And this was primarily driven by India buying deeply discounted Russian oil. |
| 1:02.1 | But having said that, the top priority for officials as they talk |
| 1:05.8 | will be to try and correct the existing trade imbalance because while you have bilateral |
| 1:11.3 | trade hating $65 billion last year, the exports from India are making up just a little over $4 billion. |
| 1:18.5 | And India is not happy about that, which is why they are trying to enhance this trade relationship to make it a bit more equal and they're hoping that this visit is going to lead to the possibility of exports across various other sectors like pharmaceuticals like information technology and |
| 1:36.0 | agriculture as well. And do you think that's something Russia is open to? |
| 1:40.0 | How India and Russia have described it is that the environment is always conducive for talks between the two countries and they're hoping that they can make some headway in terms of improving their trade relationship along with other aspects like defense and security as well. |
| 1:54.0 | And what is the United States going to think about this because it has a good relationship with India? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.