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The Economic Times
The Economic Times
National

India needs stronger export push as energy imports drive trade deficits with BRICS nations: BRICS CCI Chairman

BRICS India United States Deficit Russia Arctic

New Delhi [India]: India needs to strengthen exports to BRICS economies as high energy imports have left the country running a trade deficit with most members of the grouping, BRICS Chamber of Commerce and Industry Chairman Sameep Shastri said.

"Currently, India is in a trade deficit with most of the BRICS nations because we are primarily importing energy sources. With our consumption very high and a population of 1.4 billion, we need to make sure that every household has LPG and every car is running on petrol," Shastri told ANI.

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