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The Economic Times
The Economic Times
National

India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table

Prime Minister Narendra Modi’s congratulations to Brazilian President-elect Luiz Inácio Lula da Silva on his re-election have brought back the spotlight on a bilateral ties that has grown from modest trade ties into a broader economic and diplomatic relationship, with both countries seeking a greater voice for developing economies.

In a post on X, Modi called Lula his “dear friend” and said he looked forward to deepening the India-Brazil Strategic Partnership. He said the two countries would strengthen cooperation across sectors, advance the shared priorities of the Global South and work towards a more inclusive, equitable and sustainable world.

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