Infrastructure has received a big boost through higher investments. India’s aviation sector is among the fastest growing in the world, while roads and highways, ports and railways are being expanded and upgraded. Our renewable energy sector tops in growth pace and the solar energy market would be the third largest by next year
India’s trade with other BRICS member nations is over $95 billion, with China as our largest trade partner and import source. Indian industry believes that its engagement with BRICS economies is beneficial to all, and is committed to trade and investment partnerships under this umbrella.
With a view to building closer economic linkages, the Confederation of Indian Industry (CII) has participated in all the BRICS Business Forums, and assists businesses of the BRICS nations in their economic engagement with India. CII’s members also actively participate in the BRICS Business Council. Apart from the BRICS platform, CII works bilaterally with all BRICS member nations to leverage the opportunities in each other’s growth, including through agreements with partners such as China Council for the Promotion of International Trade (CCPIT).
As India progresses on its development path, CII looks forward to working with enterprises of all BRICS countries for a closer economic partnership.