At the BRICS summit in New Delhi, India must manage an increasingly heterogeneous grouping without letting China set the agenda or allowing Russia’s confrontation with the West to dominate the bloc.
At the 18th BRICS summit in New Delhi, Iranian President Masoud Pezeshkian called on BRICS to prevent obstruction of legitimate trade and deepen operational cooperation, including expanded use of national currencies.
At the BRICS Business Forum in New Delhi, leaders highlighted the bloc’s growing economic weight, sanctions pressure, and proposals for new financial and logistical mechanisms.
Business leaders and global experts said India’s growth, entrepreneurship and digital infrastructure can deepen trade and investment cooperation with BRICS economies.
State leaders from the BRICS group are meeting in Delhi, India, to address global tensions and economic challenges amid the influence of Donald Trump’s policies, according to BBC commentary.
BRICS is promoting local-currency trade and interoperable payment systems, but not explicitly calling for de-dollarisation or a common currency. For India, rupee settlement may support exports and reduce dollar-sanction exposure, while trade imbalances and dollar dominance remain challenges.
Russian presidential spokesperson Dmitry Peskov said BRICS activity is not aimed against any party and serves only the interests of participating countries, speaking on the sidelines of the BRICS summit in New Delhi.
Kirill Dmitriev, head of the Russian Direct Investment Fund, described BRICS’ partnership and cooperation approach as a driver of the global economy, echoing statements by Russian President Vladimir Putin at the BRICS Business Forum in New Delhi.
At the BRICS Business Council in New Delhi, Indian Prime Minister Narendra Modi urged elimination of remaining trade barriers and support for startups ahead of the BRICS summit.
