SpArK
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Russia is not going to reduce its diplomatic interaction or influence in India. Why would it. It may emanate from India as India would increasingly lean towards US and the west. At a certain stage the Russians may be seeking Indian support at international fora, and like Iran, India may not be in a position to out-rightly extend its support to Russia as it used to, due to American and western concerns.
Also, the major economic interaction between India and Russia is arms sales. What about trade. How much is it and how much it may increase.
It indeed would be interesting emerging environment.
Good PoSt.
And regarding the trade, there has been massive transformation in the approach. The usual space & defence cooperation have been periodically taken over by the Indian-Russian partnership in energy, high technology, steel production, production of oil and gas and the aerospace industries.
Even local governments have started to deal directly with Russia.
Trade is expected to double to $15 billion this year from the trade volume of $7.5 billion five years ago.( Almost double).
Also the trade with former soviet or CIS Countries are expected to touch 30 Billion.
Sources:
Gujarat delegation visits Russia to promote trade | Russia & India Report
Russia-India trade to double in 3 years | Russia & India Report
India-CIS Countries trade may touch $30 bn by 2020
Indo-Russian Inter-Governmental Commission to meet in mid-October | Russia & India Report