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India’s BRICS Moment: Reshaping Trade, Global Value Chains and Business Opportunities in an Evolving International Environment


Authors : Raksha H. V.

Volume/Issue : Volume 11 - 2026, Issue 10 - October


Google Scholar : https://tinyurl.com/3mkbwccn

DOI : https://doi.org/10.38124/ijisrt/26Oct1571

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.


Abstract : The international business environment is undergoing major transformation, marked by uncertainty and volatility arising from geopolitics, trade protectionism, supply-chain disruption, technological advancement and the growing importance of emerging markets. In this context, BRICS has emerged as an essential platform for economic cooperation among major emerging markets and developing countries. India’s Chairship of BRICS in 2026 is particularly significant given the strong need for resilience in global value chains (GVCs), diversification of trade ties, financial cooperation and greater involvement of MSMEs in international business. Under the theme “Building for Resilience, Innovation, Cooperation and Sustainability”, the 2026 Chairship emphasised trade facilitation, global value chains, internationalisation of MSMEs, trade in services, and financial cooperation and investment. This paper examines the implications of India’s 2026 BRICS Chairship for India’s international business environment, with particular attention to international trade, global value chains, MSMEs, services and investment.

Keywords : BRICS; India; International Business Environment; International Trade; Global Value Chains; MSMEs; Services Trade; Investment; Trade Facilitation; Emerging Markets.

References :

  1. Bhat, M. A., Jamal, A., & Beg, M. N. (2022). Trade integration and export aspiration: Evidence from India’s trade in goods with BRICS countries. Organizations and Markets in Emerging Economies, 13, 490–508. https://doi.org/10.15388/omee.2022.13.90
  2. Bhat, M. N., Ikram, F., & Rahman, M. N. (2024). Foreign direct investment and imports in India: Exploring institutional dimensions. Journal of the Knowledge Economy, 15, 1386–1408. https://doi.org/10.1007/s13132-023-01136-9
  3. de Sousa Filho, J. F., dos Santos, G. F., de Santana Ribeiro, L. C., de Cerqueira, R. B., & Lima, L. L. (2024). Global value chains and intra-BRICs trade in value-added. Journal of Government and Economics, 16, 100127. https://doi.org/10.1016/j.jge.2024.100127
  4. Government of India, Ministry of Commerce and Industry. (2026a, August 7). India successfully concludes the 16th BRICS Trade Ministers’ Meeting in Jaipur under its BRICS Chairship 2026 [Press release]. Press  Information Bureau. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2296367
  5. Government of India, Ministry of Commerce and Industry. (2026b, May 16). Intra-BRICS trade reaches USD 1.17 trillion, has huge untapped potential [Press release]. Press Information Bureau. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2261738
  6. Government of India, Prime Minister’s Office. (2026, September 12). BRICS New Delhi Declaration: Building for Resilience, Innovation, Cooperation and Sustainability. https://www.pmindia.gov.in/en/news_updates/brics-new-delhi-declaration-building-for-resilience-innovation-cooperation-and-sustainability-september-12-2026/
  7. India Briefing. (2026). BRICS Summit 2026 in India: Trade, investment & GIFT City opportunities explained. https://www.india-briefing.com/news/brics-summit-2026-india-trade-investment-business-46913.html
  8. Kumar, S., Shahid, A., & Agarwal, M. (2024). Is BRICS expansion significant for global trade and GDP? BRICS Journal of Economics, 5(4), 5–36. https://doi.org/10.3897/bricsecon.5.e139877
  9. UN Trade and Development. (2026). Two decades of intra-BRICS trade: Trends, patterns and policies. United Nations. https://unctad.org/publication/two-decades-intra-brics-trade-trends-patterns-and-policies
  10. Yaseen, I., Ashraf, S., Siddiqui, A. A., & Mangla, S. K. (2026). Digitalisation and global value chains in BRICS+ economies: Divergent effects of consumer and business use across sectors. Global Networks. Advance online publication. https://doi.org/10.1111/glob.70061.

The international business environment is undergoing major transformation, marked by uncertainty and volatility arising from geopolitics, trade protectionism, supply-chain disruption, technological advancement and the growing importance of emerging markets. In this context, BRICS has emerged as an essential platform for economic cooperation among major emerging markets and developing countries. India’s Chairship of BRICS in 2026 is particularly significant given the strong need for resilience in global value chains (GVCs), diversification of trade ties, financial cooperation and greater involvement of MSMEs in international business. Under the theme “Building for Resilience, Innovation, Cooperation and Sustainability”, the 2026 Chairship emphasised trade facilitation, global value chains, internationalisation of MSMEs, trade in services, and financial cooperation and investment. This paper examines the implications of India’s 2026 BRICS Chairship for India’s international business environment, with particular attention to international trade, global value chains, MSMEs, services and investment.

Keywords : BRICS; India; International Business Environment; International Trade; Global Value Chains; MSMEs; Services Trade; Investment; Trade Facilitation; Emerging Markets.

Paper Submission Last Date
30 - November - 2026

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