BRICS has 11 members and a queue of 30-plus more. Here’s who’s most likely to join next
BRICS expansion is expected to be discussed at the New Delhi summit, with more than 30 countries seeking membership and several candidate countries highlighted.
BRICS expansion is expected to be discussed at the New Delhi summit, with more than 30 countries seeking membership and several candidate countries highlighted.
Foreign policy experts said BRICS cooperation could reduce India’s dependence on Western nations, while the summit offers a platform to discuss global conflicts and economic ties.
The U.S. ambassador’s visit to Imphal is taking place as India hosts the 18th BRICS summit and global attention focuses on India’s diplomatic engagement.
Speaking at the BRICS Business Forum, Russian President Vladimir Putin said BRICS countries had generated more than 40% of global GDP over the past five years, compared with 29% for the G7.
FICCI President Anant Goenka said BRICS can help India diversify supply chains, deepen investment and technology ties, and expand digital payments across emerging markets.
BRICS is advancing local-currency settlement through BRICS Pay rather than launching a shared currency, according to a Business Today explainer.
A South African BRICS council chapter official says trust, safeguards, connectivity and multilateral agreements are key to a unified BRICS payment system.
The 18th BRICS Summit in New Delhi will bring together member countries, including Indonesia, to discuss global issues, education, innovation, and cultural cooperation.
Russian President Vladimir Putin said Western countries are attempting to restore their dominant position in the global economy by creating obstacles to trade and transport links connecting BRICS countries with international markets.