India-BRICS Trade: Key Trends and Numbers
India’s goods trade with BRICS more than doubled to $417.5 billion in FY26, but its trade deficit with the bloc more than tripled as imports rose faster than exports, according to GTRI.
India’s goods trade with BRICS more than doubled to $417.5 billion in FY26, but its trade deficit with the bloc more than tripled as imports rose faster than exports, according to GTRI.
India’s push for a common BRICS declaration faces divisions over the West Asia conflict, while economic cooperation and trade remain key priorities for the bloc.
Russian President Vladimir Putin arrived in New Delhi for a two-day BRICS summit amid geopolitical tensions, with Chinese and Iranian leaders also expected to attend.
Indian officials, together with Russian, Brazilian and Egyptian counterparts, are trying to bridge Iran-UAE differences to produce a consensus BRICS declaration at the Delhi summit.
Brazilian government presents port, waterway and airport project portfolio to the New Development Bank amid a R$1.2 trillion logistics plan.
South Africa’s High Commissioner to India discusses BRICS, India’s presidency, global governance reform, trade in local currencies, and South Africa’s exclusion from the US-hosted G20 summit.
Observer Research Foundation Vice President Harsh Pant said the upcoming BRICS Leaders’ Summit will test India’s diplomacy as it seeks consensus among members amid geopolitical divisions and rising Global South expectations.
India is preparing to host the BRICS leaders’ summit in New Delhi and using it to advance its Global South leadership.
Ahead of the 18th BRICS Summit in New Delhi, Indian exporters urged the government to use the platform to secure measurable commercial gains and reduce trade imbalances with member countries.