{
  "id": 6561385,
  "title": "The BRICS trade boom has a $226 billion hole for India",
  "url": "https://urgent.news/2026/09/10/the-brics-trade-boom-has-a-226-billion-hole-for-india",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T07:41:20.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/india-brics-trade-deficit-226-billion-fy2026-trade-data-exports-imports-china-russia-uae-gtri-report/articleshow/133997954.cms"
  },
  "original_language": "en",
  "account": "India’s trade with the BRICS group has more than doubled in the last five years, but its trade deficit with them has more than tripled, according to a report by the Global Trade Research Initiative (GTRI). In the fiscal year 2026, India’s imports from BRICS totaled $321.8 billion, compared to $321.8 billion, a $226.1 billion deficit, significantly higher than the $74.5 billion deficit in fiscal year 2021.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "BRICS Summit 3-day traffic advisory: How to reach Railway Stations, Airport amid restrictions, diversions in Delhi",
        "url": "https://urgent.news/2026/09/10/brics-summit-3-day-traffic-advisory-how-to-reach-railway-stations",
        "published": "2026-09-10T03:18:58.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided bloc",
        "url": "https://urgent.news/2026/09/10/brics-summit-in-new-delhi-the-grand-finale-is-indias-moment-to",
        "published": "2026-09-10T06:03:33.000Z"
      },
      {
        "outlet": "Reuters Business via SCMP",
        "title": "China’s Xi Jinping to make first trip to India in 7 years for Brics summit",
        "url": "https://urgent.news/2026/09/10/chinas-xi-jinping-to-make-first-trip-to-india-in-7-years-for-brics",
        "published": "2026-09-10T10:03:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}