India to Assume BRICS Presidency in 2026, Strengthening Global South’s Economic Challenge to USD Dominance

Source: नवभारत टाइम्स | Original Published At: 2025-12-27 05:54:29 UTC

Key Points

• India will hold BRICS presidency starting January 1, 2026, with focus on strengthening agricultural cooperation and food security for Global South nations.
• BRICS countries account for 42% of global oil production, 20% of gold reserves, and 29% of global GDP, challenging Western economic dominance.
• India implements full rupee-based trade with BRICS nations while developing alternative payment systems to reduce USD dependency.
• Russia-India oil trade remains stable despite U.S. sanctions, with Indian refiners maintaining purchases from non-sanctioned Russian suppliers.
• BRICS expands cooperation in climate-resilient agriculture, technology transfer, and value chain development.