India’s BRICS Exports to Reach $200B by 2030: Assocham
By Sivam
Assocham forecasts India’s exports to BRICS nations to surge to $200 billion by 2030, doubling from $96 billion, enhancing India’s global import share.
India’s exports to BRICS countries are projected to reach $200 billion by 2030, a significant increase from the $96 billion recorded in the last fiscal year. This optimistic outlook comes from The Associated Chambers of Commerce and Industry of India (Assocham).
Key Projections
- Assocham anticipates India’s exports to BRICS nations will more than double to $200 billion by 2030.
- This marks a substantial rise from $96 billion in the previous fiscal year.
- India’s share of BRICS countries’ global imports could climb to 4% by 2030, driven by enhanced South-South cooperation.
- Overall, India’s trade with the BRICS bloc stood at $417 billion in FY26.
Understanding BRICS
BRICS is an intergovernmental organization comprising 11 major emerging economies. The current members include:
- Brazil
- Russia
- India
- China
- South Africa
- Egypt
- Ethiopia
- Iran
- Saudi Arabia
- UAE
- Indonesia
The projected growth underscores the increasing economic ties and potential for greater collaboration within the BRICS bloc, positioning India for a stronger global trade presence.