Trade Relations among the BRICS Countries: An Indian Perspective

Abstract

In recent years, various steps have been taken to build strong and effective intra-BRICS economic cooperation. Brazil, Russia, India, China, and South Africa have been meeting since 2009 and gained a lot of weightages on different areas of economic relevance. In this course, the contribution of India is very significant. The paper therefore aims to elucidate the bilateral relations of India with its BRICS counterparts. The study begins by stressing the importance of BRICS as a group and its importance in the context of India. The authors hold a descriptive methodology by adopting secondary data from various sources. The paper gives an overview of the individual bilateral relationship of India in terms of trade. Further, the study suggested how a change of policy and infrastructural development can make the relationship of India with BRICS counterparts much stronger and sustainable.