India’s trade with BRICS countries more than doubles in five years; exports may reach $200 billion by 2030

Source: Lokmat | Original Published At: 2026-09-11 12:15:01 UTC

Key Points

• India's total trade with BRICS countries increased from $203 billion in 2020-21 to $417 billion in 2025-26, according to an ASSOCHAM Global Research and Strategy Center report.
• India's exports to BRICS member countries were $96 billion in 2025-26, and ASSOCHAM projected that exports could reach $200 billion by 2030.
• The report identified opportunities for Indian industries across engineering products, pharmaceuticals, chemicals, textiles, automobiles, electronics, minerals, gems and jewelry, agriculture, marine products, renewable energy, healthcare, and digital services.
• BRICS cooperation is described as important for strengthening production networks, sourcing chains, value addition, technology cooperation, and alternative payment systems.
• ASSOCHAM president Nirmal K. Minda said BRICS reflects the growing role of developing and emerging economies and can support long-term growth through flexibility, innovation, cooperation, and sustainable development.
• The article also noted India's economic growth, including an average growth rate above 7% from 2021-22 to 2025-26 and 7.8% growth in the first quarter of the current financial year.