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India’s BRICS Trade Doubles as $200 Billion Exports Targeted
India is trading much more with BRICS countries than it did five years ago.
Total trade grew from $203 billion to $417 billion.
India exported $96 billion worth of goods to these countries in 2025-26.
A new report says exports could reach $200 billion by 2030.
It suggests selling more products such as medicines, cars, clothing, electronics and farm goods.
India could also work more closely with BRICS countries on technology, energy and supply chains.
This cooperation may help businesses find new markets and resources.
The report says India’s strong economic growth could support these goals.
India’s trade with BRICS countries rose from $203 billion in 2020-21 to $417 billion in 2025-26.
Indian exports to BRICS countries reached $96 billion in 2025-26.
An ASSOCHAM report projected that India could raise BRICS exports to $200 billion by 2030.
Potential growth sectors include engineering goods, pharmaceuticals, textiles, automobiles, electronics, agriculture and digital services.
The report said deeper BRICS cooperation could improve access to critical minerals, energy, technology and capital.
- Who
- India, BRICS partner countries and the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
- What
- India’s BRICS trade more than doubled, while a report projected exports to the bloc could reach $200 billion by 2030.
- Where
- India and BRICS partner countries; the report was issued from New Delhi.
- When
- Trade increased from 2020-21 to 2025-26; the report was released on Friday.
- Why
- To expand Indian exports, diversify markets, strengthen supply chains and increase cooperation in technology, energy, capital and production.
Key facts
- India’s BRICS trade
- $417 billion in 2025-26, up from $203 billion in 2020-21
- India’s exports to BRICS
- $96 billion in 2025-26
- 2030 export projection
- $200 billion to BRICS countries
- Average GDP growth
- More than 7% annually over the five financial years from 2021-22 to 2025-26
- Latest quarterly growth
- 7.8% in the first quarter of the current fiscal year
- Report publisher
- ASSOCHAM Global Research and Strategy Centre
- Potential sectors
- Engineering goods, pharmaceuticals, chemicals, textiles, automobiles, electronics, agriculture, renewable energy, healthcare and digital services
Sources
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