A Rebalancing China and Resurging India: How Will The Pendulum Swing For Russia?

16.11.2017

On November 16, at 15:00, the Valdai Discussion Club held an expert discussion with the World Bank, titled “A Rebalancing China and Resurging India: How Will The Pendulum Swing For Russia?”

Russia’s economy has entered on the path from recession to recovery. Although traditional trade partners in Europe, the OECD, and the CIS countries remain the top destinations for Russian exports, Moscow stands to benefit from deepening its trade ties with new, dynamic markets such as China and India, and build on this positive growth momentum. However, as China’s economy slows and shifts toward greater domestic consumption India’s economy continues to expand rapidly, which will face Russia with various challenges and opportunities in the years ahead.

What impact will two major, dynamically transforming economies – China and India – have on Russia by the year 2030? Will Russia be prepared to take advantage of the changing structure of these two economies? The discussion will be based on the new World Bank report “A Rebalancing China and Resurging India: How Will The Pendulum Swing For Russia?” which assesses potential macroeconomic impacts of future changes in China's and India's economic structures on Russia's economy.

Moderator:

  • Yaroslav Lissovolik, Programme Director of the Valdai Club, Chief Economist at the Eurasian Development Bank

Speakers:

  • Alexander Morozov, Director of Research and Forecasting Department, Bank of Russia
  • Alok Raj, Minister of the Indian Embassy to the Russian Federation 

  • Apurva Sanghi, World Bank Lead Economist for the Russian Federation
  • Georgy Toloraya, Executive Director of Russian National Committee on BRICS Research; Director of the Asian Strategy Centre at the Institute of Economics of the Russian Academy of Sciences