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India, Brazil set $20bn trade target, sign rare earths pact

Hindustan Times Jaipur

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February 22, 2026

India and Brazil on Saturday set an annual bilateral trade target of $20 billion in the next five years and signed a pact for cooperation in the area of critical minerals following wide-ranging talks between Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva.

- Press Trust of India

The two leaders also vowed to shore up ties in a range of other sectors, including defence, energy, healthcare and digital public infrastructure, while emphasising a deeper India-Brazil strategic engagement to navigate the fragmented geopolitical environment.

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