New DelhiIndia’s BRICS deficit hit $226 billion, the Global Trade Research Initiative says.
China, Russia and the UAE now supply 41.5% of India’s imports.
A shared political bloc doesn’t guarantee balanced trade, as India imports inputs but sells finished goods to the West.
New Delhi hosts the BRICS summit this weekend, where local-currency settlement talks resume.
How each outlet framed it
drawn from 250+ reports worldwide
- Economic Times
- quantifies India's tripling BRICS trade deficit to $226.1B, driven by 131.8% import surge vs 48.8% export growth
Sources: Economic Times