Expressing optimism about India’s export potential, the Associated Chambers of Commerce and Industry of India (Assocham) has said that the country can achieve $200 billion in exports to BRICS countries by 2030, up from $96 billion in the last fiscal year. It also said that India’s share of BRICS countries’ global imports could rise to 4 per cent by 2030 through enhanced South-South cooperation. BRICS is an intergovernmental organisation comprising 11 major emerging economies: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, and Indonesia.
The industry chamber said electronic equipment, minerals and metal products, chemicals, auto and auto components, textiles, leather, engineering products, pharma products, gems and jewellery, rice, food and marine products are among the key focus segments for India to enhance exports to BRICS countries.
It said the increased competitiveness of India's manufacturing sector and emerging demand and supply patterns among member countries support India's enhanced export growth trajectory under BRICS Plus. Meanwhile, India's trade with the bloc stood at $417 billion in FY26. Representing roughly 40 per cent of global GDP, 26 per cent of trade and 50 per cent of the global population, the bloc is growing faster than the global average.
