India, May 16 -- Intra-BRICS merchandise trade has expanded nearly thirteen-fold over the last two decades, rising from $84 billion in 2003 to $1.17 trillion in 2024, reflecting the growing economic influence and resilience of the bloc amid global uncertainties, according to Rajesh Agrawal.

Addressing the second meeting of the BRICS Contact Group on Trade and Economic Issues (CGETI), Agrawal said the grouping has emerged as a powerful platform representing the priorities and aspirations of emerging markets and developing economies.

He noted that the sharp increase in intra-BRICS trade has outpaced global trade growth despite rising protectionism, geopolitical tensions, supply chain disruptions, inflationary pressures, and broader econo...