Economic Insight: BRICS Digital Push, New Strength for the Rupee!

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Source: eSakal | Original Published At: 2026-09-14 01:47:00 UTC

India assumed the BRICS presidency for the fourth time in 2026, with the 18th BRICS Summit held in New Delhi on 12-13 September.
BRICS comprises 11 countries representing about 49.5% of the world's population, 40% of global GDP and 26% of global trade.
The article presents India's presidency as an opportunity to shape the global economy, trade, financial system and the economic direction of emerging countries.
BRICS initiatives are linked to promoting local-currency trade and digital payments among member states.
The push is described as potentially reducing dollar dependence and supporting India's exports.
UPI technology and rupee internationalisation are highlighted as ways to strengthen India's economic position.