India’s exports to BRICS economies to reach US$200 billion by 2030
India is on track to significantly expand its trade presence within the BRICS group, with exports to member countries projected to surpass US$200 billion by 2030, according to new industry estimates, TV BRICS reports.
The forecast reflects growing economic integration among emerging economies and the increasing importance of South-South trade as countries seek to strengthen industrial cooperation and reduce dependence on traditional markets.
India’s exports to BRICS nations reached approximately US$96 billion in the 2025–26 financial year. If current growth trends continue, export volumes could more than double by the end of the decade, supported by rising competitiveness in manufacturing, technology and agriculture.
BRICS has evolved into one of the world’s most influential economic groups, accounting for around 40 per cent of global GDP, roughly 26 per cent of international trade and nearly half of the global population. As the group expands its economic footprint, member countries are expected to generate new opportunities for trade, investment and industrial collaboration.
Analysts identify several sectors with strong export potential. Electronics, engineering products, chemicals, pharmaceuticals, textiles, automotive goods and high-value manufactured products are expected to drive future export growth. Agricultural commodities, food products and marine exports are also forecast to play an increasingly important role as demand rises across developing markets.
Industry experts note that India's growing manufacturing capacity, expanding technological capabilities and large skilled workforce are strengthening its position within global supply chains. These advantages are expected to support deeper integration with BRICS economies over the coming years.
Current projections suggest India could raise its share of total BRICS imports to around 4 per cent by 2030, reflecting stronger commercial engagement among member states and accelerating trade flows across the Global South.
The country's overall trade with BRICS economies reached approximately US$417 billion in FY2025–26, underscoring the strategic importance of the group for India's long-term economic growth.
Earlier, it was reported India’s automotive market achieved its strongest May performance on record, with retail vehicle sales surpassing 2.53 million units