• The Indo-Russian relationship has significant political importance for India, as it is one of its oldest diplomatic partnerships that dates back to India's independence. This strategic partnership has been built on shared values of democracy, rule of law, respect for international law and territorial integrity.
• India's economic ties with Russia have played a crucial role in its development as well. Russia has been a vital partner for India in sectors such as energy, defense, and space. India has also been a major destination for Russian investments.
• Strategically, the Indo-Russian relationship has been critical to India's security interests. It has been a major source of defense equipment for India and has also been instrumental in India's nuclear program and space exploration initiatives. Russia has consistently supported India's bid for a permanent seat in the United Nations Security Council.
• Politically, the Indo-Russian relationship has helped India balance its geostrategic interests between China and the United States. In recent times, as India's relationship with the US has improved, its ties with Russia have remained steadfast, giving India a strategic advantage in the region.
• The India-Russia partnership has also helped promote regional and global stability. As members of the BRICS group, the two countries have been active in promoting a multipolar world order that is more equitable and democratic.

Overall, the India-Russia relationship has been critical to India's aspirations for regional and global leadership, economic growth, and national security.