India aims to double BRICS trade to $200 bn by 2030, ASSOCHAM says
ASSOCHAM reports that India’s exports to BRICS nations reached $96 bn in 2025-26 and could climb to $200 bn by 2030 through deeper south-south cooperation.
According to a recent ASSOCHAM report titled “The Rise of BRICS Nations,” India’s exports to the BRICS grouping surged to $96 bn in the 2025-26 fiscal year, more than a 100 % increase over the previous five years. The study forecasts that, by 2030, Indian outbound shipments could reach $200 bn if south-south cooperation deepens. It points to a wide range of sectors—engineering goods, pharmaceuticals, chemicals, textiles, automobiles, electronics, minerals, gems, agriculture, renewable energy, healthcare and digital services—as potential beneficiaries.
The report also argues that tighter commercial links will reinforce production networks, input sourcing and value-chain integration while giving India access to critical minerals and advanced technologies. This trade expansion aligns with India’s strong economic performance, which posted an average annual GDP growth above 7 % between 2021 and 2026 and a 7.8 % rise in one outlet fiscal year’s opening quarter. The analysis suggests that India’s role as a founding BRICS member positions it to shape the bloc’s response to global economic and geopolitical shifts.
Why it matters
The projected trade growth could reshape India’s export markets and strengthen its influence within the BRICS economic bloc.
In this story
