India’s trade with BRICS countries is booming. But there is a huge imbalance. India imported $321.8 billion from BRICS countries in FY2025-26—but exported only $95.7 billion. The result: A $226.1 billion trade deficit. The gap has more than tripled from $74.5 billion in FY2020-21, according to analysis by the Global Trade Research Initiative (GTRI). For […]