USD 200-bn export opportunity for India to BRICS by 2030: ASSOCHAM

Business To Business, New Delhi, 18^th June, 2026:  ASSOCHAM (Associated Chambers of Commerce and Industry of India) has projected that India could nearly double its exports to BRICS nations, increasing them from about USD 96 billion in FY2025-26 to USD 200 billion by 2030.
About BRICS
BRICS currently comprises 11 member countries:

• Brazil
• Russia
• India
• China
• South Africa
• Egypt
• Ethiopia
• Iran
• Saudi Arabia
• United Arab Emirates
• Indonesia

• Electronics and electrical equipment
• Minerals and metal products
• Chemicals and petrochemicals
• Automobiles and auto components
• Textiles and apparel
• Leather products
• Engineering goods
• Pharmaceutical products
• Gems and jewellery
• Rice and other agricultural products
• Processed food products
• Marine products

• Rising demand within BRICS economies.
• Expansion of trade ties among Global South countries.
• Increasing diversification of supply chains.
• Growing competitiveness of Indian manufacturing.
• Strong performance of sectors such as pharmaceuticals, engineering goods, and electronics.

• Diversify export markets.
• Reduce dependence on traditional markets in North America and Europe.
• Strengthen economic ties with emerging economies.
• Support domestic manufacturing and employment.

• Improved logistics and trade facilitation.
• Stronger bilateral and multilateral trade arrangements.
• Enhanced export competitiveness.
• Greater market access for Indian products.
• Support for exporters in high-growth sectors.