The BRICS trade boom has a $226 billion hole for India

September 10, 2026
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India’s trade with BRICS has more than doubled in five years, but imports have raced far ahead of exports, pushing the country’s trade deficit with the grouping to $226.1 billion in FY2026, more than three times the $74.5 billion recorded in FY2021, according to the Global Trade Research Initiative (GTRI).…

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