Brief by Shorts91 Newsdesk / 01:50pm on 26 Oct 2026,Monday India Global
Brazilian President Luiz Inácio Lula da Silva’s re-election has opened fresh opportunities to strengthen economic ties with India. Prime Minister Narendra Modi congratulated Lula, calling him his “dear friend” and promising deeper strategic cooperation. Bilateral trade between the 2 countries reached $15.21 billion in 2025, rising more than 25% from the previous year. Lula has set a target of increasing trade to $30 billion. Key areas for cooperation include pharmaceuticals, petroleum, chemicals, engineering goods, agriculture, energy and critical minerals. Both countries also seek closer coordination through BRICS and other international forums to strengthen the voice of developing nations. (PC: economic times)
