Abstract: The article considers the key strategic directions and prospects of Russia’s energy policy in India. The research object is the set of bilateral cooperation of Russia and India in the area of electrical energy industry as a basis of stable foreign economic relations. The research subject is the achieved results and the prospects of development of joint Russia-India projects in the energy field. The authors systematize the key strategic directions of bilateral energy dialogue. The research is based on the dialectical method of scientific cognition involving the consideration of economic relations in their interconnection and development. The authors use the complex approach involving the holistic consideration of economic relations, and comparative analysis. The authors systematize the key directions of development of energy dialogue between Russia and India; special attention is given to joint projects in the area of nuclear energetics and the projects in the area of oil and gas production. The authors conclude that India region is one of the most promising among all the possible directions of Russia’s energy diplomacy.