BRICS Delhi Declaration Highlights Trade Boost for Indian MSMEs

The BRICS summit concluded with the signing of the Delhi Declaration, a document that outlines measures to facilitate trade among the member nations. Among its key provisions are simplified customs procedures, digital trade facilitation, and preferential market access for small and medium enterprises.

Indian officials highlighted that the new framework will directly benefit MSMEs by reducing barriers and creating smoother pathways to export goods and services to Brazil, Russia, China, and South Africa. The declaration also calls for joint ventures in high‑tech sectors, encouraging Indian start‑ups to collaborate with partners across the bloc.

Analysts predict that the enhanced cooperation could add billions of dollars to India’s trade volume over the next five years, reinforcing the country’s ambition to become a global manufacturing hub.

The emphasis on MSME participation reflects a broader strategy to ensure that the benefits of the Global South’s growth are shared widely among smaller economic actors.