India’s Exports To BRICS Nations Could Cross US$ 200 Billion By 2030: ASSOCHAM

India’s exports to BRICS countries could surge beyond US$ 200 billion by 2030, more than doubling from an estimated US$ 96 billion in FY26, according to a new analysis by the ASSOCHAM Global Strategy and Research Centre (AGSRC). The report highlights expanding South-South cooperation, strengthening manufacturing capabilities and evolving trade patterns within the BRICS bloc as key drivers of future export growth.

The study projects that India’s share in total imports by BRICS member nations could rise to 4 per cent by the end of the decade, opening up substantial opportunities for Indian exporters across manufacturing, technology, industrial goods and value-added products.

The findings underscore the growing strategic importance of BRICS as a trade and economic partner for India. Bilateral trade between India and BRICS nations reached US$ 417 billion in FY26, reflecting deeper economic integration and stronger commercial ties among member countries.

According to the report, cooperation between India and BRICS economies has expanded significantly in recent years through initiatives focused on trade facilitation, investment promotion, digital economy partnerships, green development, industrial collaboration, resilient supply chains and financial cooperation. These efforts are expected to support a stronger export trajectory under the expanded BRICS Plus framework.

Commenting on the report, ASSOCHAM Secretary General Saurabh Sanyal said BRICS is emerging as a significant force in the changing global economic landscape. He noted that as multilateral institutions undergo transformation, BRICS is playing an increasingly influential role in shaping new economic and trade frameworks.

Sanyal added that India, as a founding member of the grouping, has consistently strengthened economic engagement with fellow BRICS nations through a pragmatic and balanced approach that promotes trade, investment and long-term cooperation.

The report also highlighted India’s robust economic performance, noting that the country remained one of the world’s fastest-growing major economies, recording average annual growth of over 7 percent during FY21-FY26. Economic growth is expected to remain resilient in the current fiscal year, with projections ranging between 6.5 per cent and 7 per cent.

With BRICS expanding its global influence and member countries accounting for a growing share of global trade and economic activity, the report suggests that India is well-positioned to leverage the bloc as a key platform for accelerating exports and strengthening its role in international commerce.