India’s textile and apparel exports to BRICS countries increased to Rs 36,535 crore (US$3.87 billion) in FY2024 before moderating to Rs 34,647 crore (US$3.67 billion) in FY2025. Meanwhile, imports of textiles and apparel from BRICS rose 6.9% to Rs 36,854 crore (US$3.90 billion), highlighting the bloc’s importance as both an export market and sourcing destination.
According to a study by ASSOCHAM Global Strategy and Research Centre, India could significantly expand its exports to BRICS nations under the expanded BRICS Plus framework, supported by stronger economic cooperation and the country’s growing manufacturing competitiveness.
The report noted that India remains among the world’s fastest-growing major economies, recording average annual growth of over 7% during FY21-FY26. This positions the country to play a larger role in shaping the bloc’s economic agenda amid evolving geopolitical and trade dynamics.
ASSOCHAM added that deeper cooperation in trade and investment, supply chain integration, industrial collaboration, the digital economy, green development and customs coordination could strengthen economic ties within the grouping and help position BRICS as a key pillar of the future global economic architecture.
India’s exports to BRICS countries reached US $96 billion in FY2026, and the chamber estimates they could exceed US $200 billion by 2030 with targeted policy support and stronger South-South cooperation. Such growth could increase India’s share in BRICS countries’ total imports to 4% by the end of the decade.
The study identified textiles, leather goods, engineering products, pharmaceuticals, automobiles and auto components, chemicals, gems and jewellery, electronic equipment and food products among the sectors with strong export potential.
Collectively, BRICS countries account for nearly 40% of global GDP, 26% of world trade and around half of the global population, creating significant opportunities for trade, investment and strategic partnerships.
Bharat Tex Special Report 2026 
