India to push BRICS partners to open markets and boost trade: Sources

Source: CNBC TV18 | Original Published At: 2026-09-09 12:18:26 UTC

Key Points

• India is expected to seek better market access and explore trade deals with BRICS partners at the upcoming summit.
• BRICS countries accounted for 41.5% of India's merchandise imports in FY2026, compared with 21.7% of its exports.
• India's trade deficit with BRICS stood at $226.1 billion during the year, with China accounting for nearly half of that gap.
• India's largest bilateral trade deficits within BRICS were with China, Russia, the United Arab Emirates, Saudi Arabia, and Indonesia.
• New Delhi is preparing to host the 18th BRICS Summit at Bharat Mandapam on September 12-13.
• Prime Minister Narendra Modi is scheduled to hold bilateral talks with Russian President Vladimir Putin ahead of the summit.
• Chinese President Xi Jinping is expected to attend the summit, which would be his first visit to India in seven years if confirmed.