India needs stronger export push as energy imports drive trade deficits with BRICS nations: BRICS CCI Chairman
India must increase exports to BRICS nations to counter trade deficits from energy imports. Greater focus is needed on export promotion and technology sharing among member countries. Businesses should increasingly use local currencies and digital payments for trade transactions. Logistical challenges are being addressed through exploring new trade routes like the Arctic. Progress is anticipated on trade agreements, particularly between India and Russia.