A Study of Pattern of Intra-BRICS Trade with India

Naveen Kumar, Seema Singh

Abstract


BRICS countries have made significant progress in integrating with the global economy. Analysis of trading patterns within BRICS countries reveals that levels of intra-BRICS trade are quite diverse, mainly reflecting comparative sizes of the economies. An analysis of trade intensity index (TII) highlights that trade intensities of Brazil and South Africa with BRICS have improved since 2001, while that of China, India and Russia, on the other hand, have deteriorated since 2001. India has a largest demand in BRICS nations. So it makes the bilateral trade composition from India export and import with strong enhance gross domestic production. The paper makes a brief study of trade pattern and growth rate driver of foreign trade of India with BRICS member countries.


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