India, Brazil, Argentina chart new economic vision for South-South collaboration
“India-Argentina bilateral cooperation has seen remarkable growth in recent years. Trade between the two nations peaked at USD 6.4 billion in 2022, with India emerging as Argentina’s fourth-largest trading partner. In 2024, annual bilateral trade rose by 33% to USD 5.23 billion, further solidifying India’s position as a key export destination for Argentina.”
“Brazil remains India’s largest trading partner in South America, with bilateral trade reaching USD 12.2 billion in 2024–25. Indian investments in Brazil exceed USD 6 billion, spanning sectors like pharma, automobiles, and energy. Brazilian investments in India, meanwhile, focus on mining, steel, and bio-energy.”
“Brazil’s Embraer has established a subsidiary in New Delhi, signalling the seriousness of bilateral partnerships in aerospace and defence. Indian defence exports, such as indigenous solutions for AWACS systems and transport aircraft, offer both strategic autonomy and opportunities to foster innovation ecosystems in both regions. Argentina, too, presents avenues for defence technology partnerships in areas like surveillance, maritime logistics, and shared security. These collaborations not only strengthen bilateral ties but also enhance regional stability in the Southern Hemisphere.”