India-Brics trade booms to $416 billion, but deficit keeps rising
India’s trade with BRICS countries surged over five years, with imports growing significantly faster than exports. This has led to a near doubling of India’s trade deficit with the bloc, now reaching $224 billion, primarily driven by increased purchases from Russia and China.🕒 1 min read
India’s trade with BRICS countries surged over five years, with imports growing significantly faster than exports. This has led to a near doubling of India’s trade deficit with the bloc, now reaching $224 billion, primarily driven by increased purchases from Russia and China.
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