$200 billion export opportunity for India to BRICS by 2030: ASSOCHAM
BRICS is an intergovernmental organization consisting of 11 major emerging economies: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, UAE and Indonesia.
Electronic equipment, minerals and metal products, chemicals, automobile and auto components, textiles, leather, engineering products, pharmaceutical products, gems and jewellery, rice, food and seafood are among the key focus segments for India to increase exports to BRICS countries.
Also read: India leads consensus on future of agriculture as BRICS adopt historic Indore declaration
“Given the significant opportunities yet to be tapped for India, Assocham believes that India’s exports can reach US$ 200 billion by 2030, and its share in global imports of BRICS countries will increase to 4 percent by 2030, thanks to improved south-south cooperation,” the chamber said in a statement. he said.
It was stated that the increasing competitiveness of India’s manufacturing sector and the emerging demand and supply patterns among member countries support India’s increasing export growth trajectory under BRICS Plus.
India’s trade with the bloc stood at US$417 billion in FY26.
The bloc, which represents nearly 40 percent of global GDP, 26 percent of trade and 50 percent of the global population, is growing faster than the global average.
