India seeks to diversify BRICS trade as crude, petroleum make up a third of imports

Market Mastery Webinar by Vishal Malkan Find the weak links in your portfolio by Vishal Malkan Crude and petroleum alone accounted for nearly 37 percent of India’s imports from the 10 BRICS partner countries in April-June, underscoring why New Delhi wants to diversify beyond energy. India imported $99.02 billion worth of goods from these 10 BRICS partners during the first quarter of 2026-27, while exports to the same countries stood at $24.94 billion, leaving a trade deficit of about $74.08 billion. Crude and petroleum were worth $36.30 billion, equivalent to about 36.7 percent of total imports from the 10 BRICS…