The BRICS trade boom has a $226 billion hole for India
- Posted on September 10, 2026
- By Business News Today
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The BRICS trade boom has a $226 billion hole for India
The dynamics of India's trade with BRICS nations have transformed, with imports outpacing exports and causing the trade deficit to reach $226.1 billion in FY2026. BRICS countries now represent over 41% of India's merchandise imports, although their export share has slightly diminished. With China, UAE, and Russia leading the surge, India must prioritize export growth to these countries to reverse the escalating trade imbalance.
