India and Brazil on Monday signed four Memoranda of Understanding (MoUs) during a bilateral meeting held in Goa's Salcete city. Bilateral relations between India and Brazil have acquired the dimension of a strategic partnership in the last decade. Evidently, some negative impact was felt in the India- Brazil bilateral trade as well. Indian exports to Brazil stood at USD 4.29 billion in 2015 as compared to USD 6.63 billion in 2014 and USD 6.36 billion in 2013. Indian imports from Brazil stood at $3.62 billion compared to $4.789 billion in 2014 and $3.13 billion in 2013.

Source: dna October 17, 2016 09:00 UTC