The challenges that both the countries are facing in realising the trade target needs to be addressed on priority. The challenges that both the countries faces to reach the pinnacle of bilateral trade are :-
Lack of sustainable growth of Brazil economy.
The issues affecting the Brazilian growth, trade with Brazil and attractiveness  for investment by own industries are :-
The informal economy (black market, tax evasion, counterfeiting).
Macroeconomic barriers (instable exchange and interest rates).
Poor public services (health system, education and justice).
Lacks of infrastructure (transport, water and energy).
Reforms required at different levels in order to make Brazil a safer place to invest.
Un even growth with Brazil in various region.
(vii) Potential of investment in infrastructure and communication is yet to be exploited.
(viii) Economic reforms to make India a more favorable destination for investment for Brazil, at the same time India needs to invest more proactively in Brazil to reap benefits.
(ix) Reducing the protectionist regime in the field of agriculture and technology.
"Relations with India have always been and I am sure will be one of the most important foreign policy priorities of our country. Our mutual ties of friendship are filled with sympathy, and trust, and openness. And we must say frankly that they were never overshadowed by disagreements or conflict. This understanding - this is indeed the common heritage of our peoples. It is valued and cherished in our country, in Russia, and in India. And we are rightfully proud of so close, so close relations between our countries  . " Dmitry Medvedev
The economy of Russia is 12th largest economy and 7th largest by purchasing power parity in the world. After Soviet Union collapsed, Russia is moving from centrally planned, globally isolated economy to market based economy to regain its global significance and economic power. It is claimed by some analysts that, it was the Russian president Vladimir Putin who was behind the idea of co-operative coalition of developing economies  . Russian economy has continued its recovery since 1998 financial crisis. Ever increasing prices of oil and natural gases in the world have continued to be the engine behind the impressive growth. Russia is superior to other countries in BRIC as far as economic development is concerned and has the highest GDP per capita. Russia has great potential both as market and as resource. The biggest strength of Russia is its natural resource wealth which has attracted foreign investor's attention. Off late Russia has consolidated its influence over Central Asia's energy resources and has increased its strategic dominance in Europe's energy markets  .(责任编辑：BUG)