What Will India Gain From the BRICS Summit?

Source: प्रभात खबर | Original Published At: 2026-09-11 12:00:05 UTC

Key Points

• India is pushing to connect BRICS payment systems and expand trade in local currencies to make cross-border payments cheaper and easier.
• Increased local-currency trade with BRICS countries could reduce India's dependence on the dollar and lower currency conversion costs and risks for companies.
• Stronger BRICS energy cooperation could help India secure and diversify oil and gas supply from members such as Russia, the United Arab Emirates, and Saudi Arabia.
• Proposed BRICS Startup Innovation Fund and Incubator Network initiatives could give Indian startups access to markets, investors, and technology networks in other member countries.
• Before the summit, Prime Minister Narendra Modi is expected to hold bilateral talks with Russian President Vladimir Putin and Chinese President Xi Jinping on trade, energy, defense, and strategic issues.
• The article says BRICS benefits for ordinary people may appear gradually through cheaper international payments, new markets, energy security, startup investment, and better supply chains.