Addis Ababa, June 20, 2026 (FMC) — India’s exports to fellow BRICS economies are projected to reach US$200 billion by 2030, reflecting the country’s expanding trade engagement with the bloc and growing opportunities for deeper economic integration.
The projection was highlighted by India’s Commerce Secretary Rajesh Agrawal during the second Meeting of the BRICS Contact Group on Trade and Economic Issues held in Gandhinagar, Gujarat.
Agrawal noted that trade among BRICS member countries has expanded significantly over the past two decades, with intra-BRICS merchandise trade increasing from US$84 billion in 2003 to US$1.17 trillion in 2024. Despite the strong growth, he said trade within the bloc still accounts for only about five percent of global trade, indicating substantial untapped potential for stronger economic cooperation.
He stressed the importance of building stronger regional and cross-border value chains, promoting more balanced trade, and unlocking new opportunities in both goods and services among BRICS members.
According to Agrawal, India’s exports to BRICS economies are expected to double to around US$200 billion by 2030 as the country strengthens trade ties with the grouping and expands its export base.
The Commerce Secretary also underscored BRICS’ growing role in the global economy, describing the bloc as an influential platform representing the aspirations of emerging markets and developing economies amid rising geopolitical uncertainty and global trade challenges, as reported by TV BRICS, citing its Indian media partner IANS.