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Indian Exporters Seek Better Trade Balance With BRICS Countries

Exporters seek better trade balance with BRICS countries
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: The New Indian Express | Original Published At: 2026-09-09 19:50:57 UTC

Key Points

  • India is preparing to host the 18th BRICS Summit in New Delhi on September 12-13.
  • Indian exporters want the BRICS platform to move beyond strategic and political engagement toward tangible commercial outcomes.
  • India's merchandise trade deficit with most BRICS countries stood at $226 billion in FY 2025-26, according to the article.
  • India currently has a trade deficit with most BRICS member countries except Ethiopia, Iran, and Egypt.
  • The Federation of Indian Export Organisations proposed using the Summit to advance exports, investment, technology partnerships, local-currency payments, and resilient supply chains.
  • FIEO President S C Ralhan said BRICS should deliver easier market access, stronger supply-chain partnerships, investment flows, technology collaboration, and efficient payment mechanisms.
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