New Delhi, June 18: India’s exports to BRICS countries are projected to reach around $200 billion by 2030, driven by expanding trade linkages, diversification of export markets, and growing demand across key emerging economies, according to industry body ASSOCHAM.
The report highlights that stronger economic cooperation among BRICS nations—Brazil, Russia, India, China, and South Africa—along with the inclusion of new member countries, is expected to create significant opportunities for Indian exporters in sectors such as engineering goods, pharmaceuticals, textiles, chemicals, and IT-enabled services.
ASSOCHAM noted that India’s competitive manufacturing base, improving logistics infrastructure, and policy support for export promotion are likely to play a crucial role in achieving this growth target over the next decade.
It further stated that rising intra-BRICS trade and efforts to reduce dependency on traditional Western markets could help India diversify its export basket and strengthen its global trade position.
Industry experts believe that strategic trade agreements, supply chain integration, and digital trade facilitation will be key enablers in accelerating export growth to BRICS economies by 2030.
