Strong Ties with BRICS Can Propel India's Textile Exports to New Heights
Growing economic cooperation with BRICS nations could create new opportunities for India's textile and apparel exports. In FY2024, India's textile and apparel exports to BRICS countries rose to ₹36,535 crore (US$3.87 billion), though they dipped slightly to ₹34,647 crore (US$3.67 billion) in FY2025. Meanwhile, imports in this sector from BRICS nations increased by 6.9% to reach ₹36,854 crore (US$3.90 billion), highlighting the group's role as a crucial trading partner for India.
According to a study by the ASSOCHAM Global Strategy and Research Center, India can significantly boost exports to member nations under the 'BRICS Plus' framework, leveraging its expanding manufacturing capacity and competitiveness. The report notes that India is among the world's fastest-growing major economies, having recorded an average annual economic growth rate of over 7% during the FY2021–FY2026 period.
ASSOCHAM believes that deeper cooperation in areas such as trade and investment, supply chain integration, industrial collaboration, the digital economy, green growth, and customs coordination could further strengthen economic ties among BRICS nations. This would enable the group to play a more influential role in the global economic order.
India's total exports to BRICS countries reached approximately US$96 billion in FY2026. The Chamber estimates that with appropriate policy support and robust South-South cooperation, this figure could exceed US$200 billion by 2030. The report identifies textiles, leather, engineering products, pharmaceuticals, automobiles, chemicals, electronics, and food products as key sectors with high export potential.
