
Win-win partnership: PM says India-Brazil bilateral trade to go beyond $20 billion
India Today
Prime Minister Narendra Modi, after bilateral talks with Brazilian President Luiz Inacio Lula da Silva in New Delhi, set a target to expand bilateral trade beyond USD 20 billion over the next five years.
Prime Minister Narendra Modi on Saturday held bilateral talks with Brazilian President Luiz Incio Lula da Silva in New Delhi, aiming to strengthen multifaceted cooperation between the two key nations of the Global South. The Prime Minister described the relationship as a “win-win” partnership and said India is looking to expand bilateral trade beyond USD 20 billion over the next five years.
"The agreement reached on critical minerals and rare earths is a major step in building a resilient supply chain. Our cooperation in the defence sector is also steadily growing. This is a great example of mutual trust and strategic alignment. We will continue to strengthen this win-win partnership," the Prime Minister said after the talks.

The US Supreme Court has struck down President Donald Trump's tariffs on countries, including India, as illegal. This might open the door to billions of dollars in refunds, and might benefit US importers. There is no mechanism to compensate Indian exporters for the losses they suffered. However, they benefit as they regain a competitive edge in the US market.












