Brazil is India’s largest trading partner in Latin America, a fellow member of BRICS and an important voice among developing economies. Brazil’s President Luiz Inácio Lula da Silva has secured another term in office, defeating Flávio Bolsonaro, the son of former president Jair Bolsonaro, in a closely fought presidential runoff. The October 25 verdict gives the 80-year-old left-wing leader a fourth, non-consecutive term and carries implications that extend well beyond Brazil’s borders. For India, Lula’s victory is significant not simply because it preserves continuity in a key bilateral relationship, but because it comes at a time when trade tensions, the…
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