1 of 1
Story summary
- India and Brazil aim to double bilateral trade to USD 30 billion by 2030.
- This follows Brazilian President Luiz Inácio Lula da Silva's India visit, where agreements were signed in energy, pharmaceuticals, and critical minerals.
- Brazil renewed crude oil contracts with Indian refiners.
- India is diversifying its imports, notably increasing sugar imports.
- Strengthening ties with Brazil supports India's supply chain resilience and influence in Latin America amid global trade uncertainties.
