✨ 2026 Shanghai Summer School (BRICS Program) students lists are now available. View Details

Source: Forbes India | Original Published At: 2026-09-11 13:19:38 UTC

Key Points

  • India hosts the BRICS 2026 leaders' summit in New Delhi with economic cooperation at the centre of its chairship.
  • BRICS members account for about 49.5 percent of the world's population, 40 percent of global GDP and 26 percent of global trade, according to a government release.
  • India is promoting greater use of local currencies in BRICS trade and a proposal to link central bank digital currencies for faster and cheaper cross-border payments.
  • The Iran conflict is testing BRICS unity after foreign ministers failed to agree on a joint communique on West Asia, with differences between Iran and the UAE.
  • The previous BRICS summit in Rio de Janeiro supported cross-border payments, local-currency use, a larger role for the New Development Bank, and reforms to global institutions.
  • India's chairship initiatives include proposed cooperation mechanisms for startups, MSMEs, logistics, energy, agriculture, climate and health.
  • Chinese President Xi Jinping, Russian President Vladimir Putin and Iranian President Masoud Pezeshkian are expected to hold bilateral meetings on the sidelines of the summit.
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