*Professor, Department of Humanities and Social Sciences, NIT, Kurukshetra, Haryana
**Research Scholar, Department of Humanities and Social Sciences, NIT, Kurukshetra, Haryana
Online published on 4 March, 2015.
India's global trade is increasingly diversified towards developing countries. The trend in total trade has shown the significant rise in both India's exports to and also India's imports from other BRICS countries, with the imports having risen faster than the exports, resulting in a negative trade balance of India with all other BRICS countries taken together. This study analyses trade opportunities between India and other BRICS countries on the basis of revealed comparative advantage. The study indicates that the trade structure between India and other BRICS countries is complementary; however there also exists competition between India and other BRICS countries in some sectors.
