India's Role in Enhancing Intra-BRICS Trade and Economic Cooperation

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Dated: 18.05.2026

India’s Role in Enhancing Intra-BRICS Trade and Economic Cooperation

India has played a pivotal role in strengthening trade and economic ties among BRICS nations, driving resilience, innovation, and sustainable growth. This article explores India’s achievements, the current state of intra-BRICS trade, and the opportunities for deeper integration among member countries.

BRICS: A Growing Force in Global Trade

BRICS, comprising Brazil, Russia, India, China, and South Africa, has emerged as a powerful coalition representing the interests of emerging markets and developing economies. Despite global challenges such as protectionism, geopolitical tensions, supply chain disruptions, and inflationary pressures, BRICS has continued to grow stronger and more influential.

Intra-BRICS Trade: Remarkable Growth and Untapped Potential

Trade Expansion
- Intra-BRICS merchandise trade has surged thirteen-fold, from US$ 84 billion in 2003 to US$ 1.17 trillion in 2024.
- This growth has outpaced global trade, contributing to greater resilience and diversification for member countries.
Current Share and Opportunities
- Intra-BRICS trade currently accounts for only about 5% of global trade.
- There is significant untapped potential for deeper trade integration, stronger value-chain linkages, and enhanced economic cooperation.

India’s Leadership and Initiatives

India has assumed the BRICS Chairship for the fourth time, continuing its commitment to advancing the group’s agenda. The recent BRICS Contact Group on Trade and Economic Issues (CGETI) meeting in Gandhinagar, Gujarat, focused on several key areas:

Strengthening the Multilateral Trading System
- India advocates for a robust and fair global trading framework that benefits all BRICS members.
Supporting MSMEs and Employment
- Promoting the internationalisation of Micro, Small, and Medium Enterprises (MSMEs) to create jobs and foster entrepreneurship.
Resilient and Diversified Value Chains
- Enhancing the resilience and diversification of global value chains to mitigate risks and ensure sustainable growth.
Expanding Services Trade
- Opening new opportunities in the services sector, including technology, finance, and professional services.
Inclusive Prosperity
- Advancing prosperity for key stakeholders such as farmers, women, entrepreneurs, and businesses through greater intra-BRICS trade.

The Path Forward: Building for Resilience, Innovation, Cooperation, and Sustainability

The BRICS nations are committed to:

Promoting balanced trade among members.
Creating new opportunities in both goods and services sectors.
Supporting innovation and sustainable development.
Ensuring that growth benefits all segments of society, including marginalized groups.

India’s leadership and proactive initiatives continue to drive the BRICS agenda, positioning the coalition as a key player in global economic affairs. With substantial untapped potential, deeper integration and cooperation among BRICS nations can unlock new avenues for growth and prosperity.

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Source: Ministry of Commerce & Industry

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