New Delhi: India's export to the BRICS partner countries can increase to $200 billion by 2030 from $96 billion in 2025-26 with enhanced south-south cooperation as the grouping of developing countries offers India an opportunity to diversify exports beyond traditional markets, said an industry report."The last decade witnessed dynamic merchandise trade performance of BRICS countries demonstrating their growing importance in global markets," said a research report by Assocham Global Research and Strategy Centre titled 'The Rise of BRICS Nations: An opportunity to scale Indian Exports to $200 billion to BRICS by 2030', released on Friday.
BRICS can unlock India’s $200 billion export opportunity by 2030: Assocham
Indian exports to BRICS nations could reach two hundred billion dollars by 2030. This growth stems from enhanced south-south cooperation and market diversification opportunities. The BRICS grouping offers India a chance to expand beyond traditional export destinations. Merchandise trade performance of BRICS countries has shown dynamic growth over the past decade. This presents a significant opportunity for scaling Indian exports to these developing nations.
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