Yet this somewhat exploitative arrangement, which has seen unusable rupees pile up in Russian banks, highlights broader truths: a shift in relative power in the bilateral relationship and Russia’s diminishing usefulness to India. The latter is now the dominant partner, with an economy soon to be twice the size of Russia’s, positive demographics, and strong strategic partnerships with multiple major powers, including the United States and Japan. By contrast, Russia is mired in long-term decline – a process accelerated by Putin’s strategic folly in Ukraine. For this reason, Moscow is becoming less and less useful to India and New Delhi has turned to other partners to meet its various needs.
Some Indian analysts argue that the Modi-Putin summit was nevertheless necessary to maintain what Ved Shinde writing in The Interpreter terms a “continental balance in the Eurasian heartland”. India needs to arrest Russia’s slide towards becoming a Chinese vassal, something they think has been hastened by the West’s unreasonably harsh response to Putin’s invasion of Ukraine. But this argument does not pass muster. The causes of Russia’s estrangement from the West, which began more than two decades ago, are complex, and are as much to do with Russian actions than American or European ones. So too are the reasons for the convergence of Chinese and Russian interests.
But above all, it is not clear that New Delhi possesses any instrument that might be used to prevent that estrangement and that convergence. Certainly, none is visible in the agreements signed by Modi and Putin in Moscow.
In this context, Modi’s visit to Moscow, and the propaganda win it has apparently handed to Putin, looks like a miscalculation. India’s Prime Minister might have continued to keep his distance. After all, in recent years Modi has restricted contact with his Russian counterpart. The two have met at BRICS or Shanghai Cooperation Organisation summits, but regular bilateral and Russia-India-China trilateral leaders’ meetings have not been held, despite Russian enthusiasm, partly but by no means exclusively due to Sino-Indian tensions.
That Modi decided to change tack suggests another logic at play – a domestic political calculation for a prime minister under some pressure. Russia remains popular in India, including in significant sections of the Hindu Right suspicious of the West and what they see as Western global agendas. Meeting Putin plays well to this gallery and may boost Modi’s position at home. But whether the summit strengthened India’s relationship with Russia and standing in the world is not obvious. Indeed, in showing how little New Delhi might accept in exchange for a controversial meeting, it might have undermined both.