Indian companies are set to benefit across engineering, automobile, electronics, pharma, textiles, agriculture, renewables and digital services, as trade with BRICS has grown significantly during the last five years from $203 billion in 2020-21 to $417 billion in 2025-26, said a report on Friday

India’s goods trade with BRICS more than doubled to $417.5 billion in FY26, while the trade deficit more than tripled to $226.1 billion, GTRI said.

The dynamics of India's trade with BRICS nations have transformed, with imports outpacing exports and causing the trade deficit to reach $226.1 billion in FY2026. BRICS countries…

The BRICS Business Forum saw leaders discuss expanding intra-bloc trade and economic resilience. Prime Minister Modi focused on removing trade barriers and India's stability. …