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India and Brazil are aiming to increase bilateral trade to $20 billion by 2030, as discussed by Prime Minister Narendra Modi and President Luiz Inacio Lula da Silva during the World Economic Forum in Davos. The leaders highlighted cooperation in sectors such as trade, energy, technology, and defense, and announced plans for Lula's state visit to New Delhi in February 2026, coinciding with the 75th anniversary of diplomatic relations. Current trade is at $12 billion, with both nations exploring the expansion of the India-MERCOSUR Preferential Trade Agreement and enhancing business travel through 10-year visitor visas.