in 2005 the Brazil-India scientific council was created to increase the quantity and efficiency of joint initiatives on engineering, mathematics, health and renewable energy - Further to scientific development, economic development is also an objective of the Indian-Brazilian relationship, side by side with political cooperation in matters of international governance.

from 2003 to 2014 the total value of trade between the two nations went up from US$ 1 billion to US$ 11.64 billion and is anticipated to keep increasing in the near future - both nations are heavily involved in international organizations such as the united nations and BRICS, which stands for brasil, russia, India, china and south africa, and looks to improve the global economy through joint efforts of developing economies.