- BRICS includes India as a member nation and India hosts a BRICS meeting in its national capital.
- The 18th BRICS Summit is underway in New Delhi, celebrating strategic partnerships and diplomatic relations.
- India discussed trade enhancements within the BRICS bloc.
Indian Exports to China and South Africa See Significant Growth in BRICS Trade
- Reports
- 14
- Developments
- 2
- Repetition
- 86%
New informationRepeats or wire copies
What happened
Indian exports to the four core BRICS partners jumped 34% during the first five months of the current financial year, reaching $19.9 billion from $14.9 billion a year ago. Shipments to China, Russia, and South Africa accounted for this growth. Specifically, Indian exports to China rose 39% to $9.6 billion, while South Africa recorded the fastest growth rate at 58%.
Why it matters
The growth highlights renewed trade between India and China, which had previously faced trade freezes following a border skirmish in 2020. This expansion demonstrates the collective economic momentum of the BRICS bloc and the growing role of Indian manufacturing in global value chains.
The 18th BRICS Summit is underway in New Delhi, celebrating strategic partnerships and diplomatic relations.
From bignewsnetwork.com
Who's involved
- BRICSAssociation of major emerging economies including India, China, and South Africa.
- IndiaOperational hub and leading platform for the BRICS grouping.
- ChinaFormal and full member of the BRICS bloc.
- South AfricaFormal member state of the BRICS bloc.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ChinaSpeculative
China could experience increased market demand from Indian imports.
- South AfricaSpeculative
South Africa's economy could benefit from the 58% growth rate in Indian exports.
How it developed
Newest first. Tap a step to see who reported it.India's trade growth with China and South Africa highlights economic activity within BRICS.1 source
Indian exports to China rose 39%, while India also increased imports of Russian crude oil.1 source
Keep exploring
Part of
India discussed trade enhancements within the BRICS bloc.Also in this story
- A working group met in India on September 11th to discuss and address various trade issues concerning the BRICS bloc.
- BRICS partners and Indonesia discuss trade predictability amid WTO scrutiny of India's trade policies.
- India is a major importer but not equally valued market within the BRICS bloc.
- While India chairs the 18th BRICS summit, the bloc is actively seeking cross-border payment mechanisms, exemplified by trade between Chennai and Cape Town, with London hosting international financial discussions.
Within BRICS includes India as a member nation and India hosts a BRICS meeting in its national capital.
The entities involved
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
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South Africa
country in southern Africa
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
Related events
- BRICS members highlighted India's economic strength and supported Brazil's bid for a UNSC seat during a recent gathering.
- BRICS finance ministers met in Johannesburg, while Kazan named the Cross-Border Payments Initiative, coinciding with India's PM speaking at a global fintech event.
- BRICS members called for restraint in the Middle East while India noted its increased reliance on China due to a doubled trade deficit.
- Analysis suggests that China was the primary driver of BRICS growth between 2011 and 2025.
- An expert at Jawaharlal Nehru University is discussing India's economic concerns in the context of BRICS discussions.