BRICS offers opportunities for AI, trade and financial integration: Experts

Source: Lokmat Times | Original Published At: 2026-09-12 14:30:09 UTC

Key Points

• Experts at the BRICS summit discussed the bloc's role in fostering economic cooperation, technological innovation, and financial connectivity among emerging economies.
• Economist Rajiv Sahoo said India and Russia have complementary strengths in sectors such as food, petroleum, refining, defence, and technology.
• Sahoo said BRICS has underscored cooperation among India, Russia, and China, which could contribute to a more diversified global trade framework.
• Egyptian AI expert Ahmed Gamal said BRICS provides a platform for technological cooperation and innovation among developing economies, with strong potential for India-Egypt AI collaboration.
• Gamal said the global economy is moving beyond generative AI toward agentic AI, which could improve productivity if adopted effectively by governments and industries.
• BRICS Business Council head Andrey Mikhaylishin said the proposed BRICS Pay framework aims to connect national payment systems of member countries for smoother cross-border transactions.
• BRICS Pay India head Pawan Josh highlighted India-Russia trust in strategic sectors and cited India's Unified Payments Interface as a model for globally recognized digital payments.