Source: Navabharat | Original Published At: 2026-09-11 16:12:49 UTC
Key Points
- India's trade deficit with BRICS countries rose to $226.1 billion in FY2025-26.
- Total bilateral trade between India and BRICS countries reached $417.5 billion, up from about $203 billion in FY2020-21.
- India's exports to BRICS countries grew 48.8% to $95.7 billion, while imports surged 131.8% to $321.8 billion.
- BRICS markets account for about 22% of India's global exports and more than 40% of its global imports.
- China and Russia contribute the largest share of India's BRICS trade deficit, with the China deficit above $100 billion and the Russia deficit around $55 billion.
- India is in trade surplus with newer BRICS members Egypt and Ethiopia.
- At the 18th BRICS summit, India asked member and partner countries to simplify rules and speed customs clearance in pharmaceuticals, engineering goods, automobiles, food processing, chemicals, and digital services.