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Vice Foreign Minister Zhang Yesui and Indian FM Subramanyam Jaishankar will co-chair the dialogue.
German Chancellor Angela Merkel said that both sides must abide by the Minsk Protocol.
"The Russian economy is now recovering after a nearly two-year-long recession," the ratings agency says.
Chinese FM Wang Yi said China and Europe should safeguard trade and investment liberalization and facilitation.
The top American and Russian diplomats agreed to cooperate on critical global security issues.
India and Russia have for the past 70 years signed dozens of defense contracts.
Currencies and stocks also gained in most of the tracked 26 emerging economies.
India launched a record-breaking 104 satellites from one single space mission.
Russia says it wants to sign a peace treaty before resolving the Kuril Islands dispute.
Wang Yi will also attend the 53rd Munich Security Conference.