GOVERNMENT OF INDIA
MINISTRY OF EXTERNAL AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO- 3655
ANSWERED ON- 13/03/2026
BRICS SUMMIT
3655. SHRI RAMPRIT MANDAL
SHRI DINESH CHANDRA YADAV
Will the Minister of EXTERNAL AFFAIRS be pleased to state:-
(a) The details of the main themes of the BRICS Summit held under the
chairmanship of India;
(b) whether any initiative was taken or agreement was reached during...
GOVERNMENT OF INDIA MINISTRY OF EXTERNAL AFFAIRS LOK SABHA UNSTARRED QUESTION NO- 3655 ANSWERED ON- 13/03/2026 BRICS SUMMIT
3655. SHRI RAMPRIT MANDAL SHRI DINESH CHANDRA YADAV
Will the Minister of EXTERNAL AFFAIRS be pleased to state:-
(a) The details of the main themes of the BRICS Summit held under the chairmanship of India;
(b) whether any initiative was taken or agreement was reached during the BRICS Summit regarding trade among all member nations in their respective local currencies, if so, the details thereof; and
(c) the details of the current volume of India’s trade with BRICS nations? ANSWER THE MINISTER OF STATE IN THE MINISTRY OF EXTERNAL AFFAIRS (SHRI PABITRA MARGHERITA) 1(a) India has chaired BRICS four times so far (2012, 2016, 2021, and now
2026). Each chairship has been guided by a distinct theme that reflects India’s priorities, as listed below:
S.No Chairship Year Theme 1 2012 BRICS Partnership for Global Stability, Security and Prosperity 2 2016 Building Responsive, Inclusive and Collective Solutions (BRICS) 3 2021 BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus 4 2026 Building for Resilience, Innovation, Cooperation and Sustainability
(b) There is no agreement within the BRICS framework on trade among all member nations in their respective local currencies. However, the issue of local currency financing has been discussed in the context of the BRICS Interbank Cooperation Mechanism.
(c) Details of Volume of India’s Trade with BRICS nations for the FY 2024- 25 is placed at Annexure I.
2ANNEXURE-I BRICS Trade in Merchandise Goods Country Name Exports from India in Imports by India in 2024-25 2024-25 China 14.25 113.46 Russia 4.88 63.84 United Arab 36.64 63.42 Emirates Saudi Arabia 11.76 30.12 Indonesia 5.38 22.78 South Africa 7.46 10.55 Ethiopia 0.48 0.07 Iran 1.24 0.44 Brazil 6.77 5.44 Egypt 3.41 1.33 Data in US$ billion Source: DGCIS 3BRICS Trade in Services Country Name Exports from India in Imports by India in 2024-25 2024-25 Saudi Arabia 4.74 1.1 Brazil 3.73 1.78 United Arab 6.12 4.24 Emirates China 8.6 7.3 Indonesia 2.44 1.51 South Africa 1.93 1.11 Iran 0.6 0.24 Ethiopia 0.38 0.14 Russia 1.65 1.58 Egypt 1.13 1.59
Values in USD Billion Source: WTO Stats ***** 4