BRICS trade boom has a $226 billion hole for India
India's imports from BRICS have surged faster than its exports to the group, leaving the country with a $226.1 billion trade gap in the fiscal year 2026, according to the Global Trade Research Initiative (GTRI). BRICS now makes up 41.5% of India's total merchandise imports, up from 35.2% in 2021, while their share of Indian exports has declined slightly from 22% to 21.7%.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
