Dungeness
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http://globalriskinsights.com/2016/04/brics-little-opportunity-india/
This is a well researched article from 2016.
Since BRICS is a financial bloc , we should leave extraneous matters and just study the advantages it will bring to India.
If India is looking for a export based growth , then pharma industry can be a source of growth.
In 2016 we had 17 b usd export in medicines but china has not opened its market to india.
Usa remains our biggest importer with around 7 b usd medicine imports.
Similarly software exports were 90 b usd in 2016 , how much went to china ?
If china keeps blocking india exports , than all these blocs are meaningless.
Indian pharma has patent issues to officially enter Chinese market, and your IT export is essentially exporting programmers and coders which Chinese companies don't need. Chinese do import your iron ore though.