Bilateral trade between India and South Africa is expected to receive a significant boost. The current annual trade value is around $12.5 billion. A major push is anticipated during the BRICS summit. South African businesses are showing increasing interest in entering the Indian market.

A large trade delegation from South Africa will participate in the BRICS Business Forum. Over 120 businesses will accompany President Cyril Ramaphosa to the summit. Side events focused on India-South Africa trade are also planned.

Further details on the expected boost to trade ties and the upcoming BRICS summit are available from the source. The summit is expected to unlock new growth opportunities for both countries.