Modi, Lula set $20 Billion trade target; sign rare earth, digital partnership deals

Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva set a target to raise bilateral trade to $20 billion in five years during Lula’s state visit to India. The two leaders signed key agreements on digital partnership, rare-earth and critical-minerals cooperation, and mining cooperation.Lula called India a “digital superpower” and backed stronger India–Brazil coordination on UN reforms and Global South priorities. The visit builds on PM Modi’s 2025 trip to Brazil and signals deeper cooperation in technology, energy, defence and supply chains.Watch key moments and statements from Hyderabad House in New Delhi.