India-Brazil Trade Crosses ₹1 Lakh Crore as PM Narendra Modi, Lula da Silva Hold Key Talks in New Delhi

India-Brazil Trade Crosses ₹1 Lakh Crore as PM Narendra Modi, Lula da Silva Hold Key Talks in New Delhi

India-Brazil trade has crossed the ₹1 lakh crore mark, marking a major milestone in economic ties between the two emerging powers. The development comes as Brazilian President Luiz Inacio Lula da Silva began his five-day India visit on February 18, 2026, holding high-level bilateral talks with Prime Minister Narendra Modi in New Delhi.

With global alliances shifting and emerging economies strengthening cooperation, the surge in India-Brazil trade signals a deepening partnership between two leading voices of the Global South.

India-Brazil Trade Jumps 92% in Five Years

Official data shows that bilateral trade between India and Brazil rose from ₹53,705 crore in FY21 to ₹1,03,349 crore in FY25 — an impressive 92% increase.

In FY25 alone:

 India’s exports to Brazil increased 15% year-on-year to ₹57,219 crore.

 Imports from Brazil declined 10% YoY to ₹46,130 crore.

 India maintained a positive trade balance with Brazil.

Brazil now accounts for 1.05% of India’s total global trade. While the percentage may appear modest, the consistent upward trajectory reflects strategic economic alignment.

Experts say this positive trade balance strengthens India’s position in Latin America, where Brazil remains the largest economy.

What India Exports to Brazil

India’s export basket to Brazil is diversified and high-value driven. Key exports include:

 Refined petroleum products (diesel)

 Organic chemicals and pharmaceuticals

 Agro-chemicals like insecticides and fungicides

 Engineering goods, boilers and electrical machinery

 Automotive components

 Iron and steel products

Trade analysts note that India’s pharmaceutical and chemical exports have gained strong traction in Brazil due to competitive pricing and quality standards.

What India Imports from Brazil

Brazil plays a crucial role in supplying agricultural and mineral commodities to India. Major imports include:

 Crude oil

 Soy oil

 Raw cane sugar

 Gold

 Cotton

 Iron ore

 Timber

Brazil’s role as a supplier of edible oils and energy inputs remains strategically important for India’s food and energy security.

Strategic Talks Beyond Trade

President Lula is also participating in the India AI Impact Summit, where global tech leaders are discussing artificial intelligence regulations, investments and societal impact.

During bilateral discussions, both sides are expected to expand cooperation in:

 Defence manufacturing

 Renewable energy

 Artificial intelligence

 Global South representation in multilateral forums

An expert in international trade policy noted that India and Brazil are aligning not just economically but geopolitically, especially in platforms like BRICS and G20.

Why India-Brazil Trade Matters Now

The timing of this trade milestone is significant. As global supply chains diversify and nations reduce dependency on traditional Western markets, India and Brazil are positioning themselves as alternative growth engines.

For Indian businesses, Brazil offers access to Latin American markets. For Brazil, India provides scale, technology and pharmaceutical strength.

Practical takeaways for businesses:

 Exporters in chemicals and pharma should explore Brazil-focused strategies.

 Agro-importers can leverage stable sourcing channels from Brazil.

 Investors should track policy announcements emerging from Lula-Modi talks.

The crossing of ₹1 lakh crore in India-Brazil trade underscores a maturing strategic partnership between New Delhi and Brasilia. With Prime Minister Narendra Modi and President Lula da Silva deepening cooperation across trade, technology and global governance, bilateral ties appear set for a new phase of expansion.

As both nations navigate a rapidly changing global order, India-Brazil trade is emerging as a pillar of South-South economic collaboration — one that could reshape global commerce dynamics in the years ahead.