✨ 2026 Shanghai Summer School (BRICS Program) students lists are now available. View Details

India’s BRICS Trade Doubles to $417 Billion in Five Years; Exports Seen Reaching $200 Billion by 2030

India’s BRICS trade doubles to $417 bn in five years; exports seen reaching $200 bn by 2030
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive Multilateralism

Source: Lokmat Times | Original Published At: 2026-09-11 08:42:32 UTC

Key Points

  • India's trade with BRICS countries rose from $203 billion in 2020-21 to $417 billion in 2025-26, according to an ASSOCHAM Global Research and Strategy Centre report.
  • India's exports to BRICS partner countries stood at $96 billion in 2025-26 and could reach $200 billion by 2030 through South-South cooperation and market diversification.
  • The report identifies opportunities for Indian companies in engineering goods, pharmaceuticals, chemicals, textiles, automobiles, electronics, minerals and metals, gems and jewellery, agriculture and marine products, renewable energy, healthcare, and digital services.
  • It says BRICS+ trade dynamics will continue to be shaped by member economies' performance, trade policies, and the broader global economic environment.
  • The report recommends strengthening production and sourcing networks, value chains, technology cooperation, and settlement systems, while learning from best practices across BRICS member economies.
  • ASSOCHAM President Nirmal K. Minda said initiatives under the BRICS framework could act as a catalyst for high-growth sectors amid geopolitical realignments.
Scroll to Top