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BRICS balancing act: Geopolitics overshadowing trade growth?

04 Dec '24
8 min read
BRICS balancing act: Geopolitics overshadowing trade growth?
BRICS balancing act: Geopolitics overshadowing trade growth?

Insights

  • BRICS bloc faces a delicate balance between geopolitics and trade priorities, raising concerns about its stagnant share in global trade.
  • While intra-BRICS trade growth has increased and China's exports to BRICS have surged, India's trade has declined.
  • Key opportunities lie in BRICS cotton and textile industry, with sustainable practices supported by the NDB offering growth potential.
BRICS bloc faces a delicate balance between geopolitics and trade priorities, raising concerns about its stagnant share in global trade. While intra-BRICS trade growth has increased and China's exports to BRICS have surged, India's trade has declined. Key opportunities lie in BRICS cotton and textile industry, with sustainable practices supported by the NDB offering growth potential.

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