India’s BRICS exports poised to reach $200 billion by 2030

Rising manufacturing competitiveness and stronger South-South cooperation are expected to accelerate India’s export momentum

India’s exports to BRICS nations could more than double to $200 billion by 2030 from $96 billion in FY26, driven by stronger trade cooperation, rising manufacturing competitiveness and changing supply chain dynamics, according to a report by ASSOCHAM.

  The industry body said India’s growing trade ties with BRICS countries are creating major opportunities for export-led growth. According to the analysis by ASSOCHAM Global Strategy and Research Centre (AGSRC), India’s share in total imports by BRICS nations could rise to 4% by 2030.

  The report highlighted that cooperation between India and BRICS members has strengthened significantly in recent years across multiple sectors, including trade, investment, digital economy, green development, industry and supply chain resilience.

  India’s bilateral trade with BRICS countries reached $417 billion in FY26, underlining the bloc’s increasing importance in India’s external trade basket. 

 The expanded BRICS Plus framework is also expected to open new trade opportunities and strengthen economic partnerships among member nations. ASSOCHAM said India’s manufacturing sector has become more competitive, helping the country position itself as a stronger export hub within the grouping. Changing demand patterns across BRICS economies are also expected to support higher exports over the coming years.

 ASSOCHAM Secretary General Saurabh Sanyal said BRICS is emerging as a major force in the evolving global economic order. He noted that multilateral institutions are undergoing structural changes, with BRICS playing an increasingly important role in shaping global trade and investment flows. He added that India, as a founding member of BRICS, has consistently deepened economic ties with member countries through a balanced and pragmatic strategy. — IANS