In this special report, speakers discuss the evolving economic relationship between India and Russia, emphasizing a shift from traditional defense ties to joint manufacturing. One speaker notes that ‘Moscow has got more yoga schools than in Delhi or in Mumbai,’ highlighting the deepening cultural bond. The conversation explores supply chain resilience, with an analyst arguing that despite global isolation attempts, Russia’s ties with India remain robust due to historical connections. The ‘Indian elephant’ metaphor is used to describe India’s steady, non-threatening rise on the global stage. The discussion also touches on the Vladivostok-Chennai corridor and the potential for future cooperation in IT and pharma.