India and Brazil have agreed to raise their bilateral trade target to $30 billion by 2030 during President Luiz Inacio Lula da Silva’s State visit to India, signalling deeper economic and strategic cooperation.

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• India, Brazil revise bilateral trade target to $30 billion by 2030.

• Decision announced during Luiz Inacio Lula da Silva State visit to India.

• Earlier $20 billion target deemed insufficiently ambitious by Brazilian leadership.

• Both nations aim to deepen economic engagement across strategic sectors.

• Cooperation planned in oil, gas, renewable energy initiatives.

• Joint focus on satellite launches and collaborative space projects.

• Biofuels, sustainable aviation fuel identified as priority areas.

• Agriculture, livestock, healthcare partnerships to be strengthened.

• Cultural cooperation including Yoga highlighted in discussions.

• Move expected to reinforce India–Brazil ties, support long-term economic growth.