A DMCC executive said energy logistics, storage and long-term planning are more important than short-term price movements, especially amid West Asia tensions and ahead of the BRICS Business Forum.
Assocham President Nirmal Kumar Minda said India’s BRICS Chairship comes at a crucial juncture and stronger engagement among BRICS economies can unlock new opportunities and strengthen resilience.
Russian President Vladimir Putin arrived in New Delhi for the 18th BRICS summit, with bilateral talks with Prime Minister Narendra Modi expected alongside broader geopolitical challenges facing the bloc.
Ahead of the September 12-13 BRICS summit in New Delhi, India is expected to focus on cross-border digital payments, CBDC interoperability, and faster settlement in national currencies rather than backing a common BRICS currency.
External Affairs Minister S. Jaishankar highlighted India’s potential contribution to BRICS economic cooperation at the BRICS Business Forum, urging integration of business perspectives ahead of the BRICS summit.
Indian politician Shashi Tharoor defended the significance of the BRICS conference in Delhi, describing the grouping as an important platform for the Global South, after P. Chidambaram questioned its tangible benefits for India.
As the BRICS summit begins on 12 September, this explainer traces the history of BRICS, Russia’s early role, the 1998 proposal to India, and how Jim O’Neill’s BRIC theory became an institutional grouping.
India is being positioned as a key investment hub for BRICS businesses, with the BRICS Summit highlighting opportunities for trade, technology sharing, and joint ventures.
A CPI Rajya Sabha MP highlighted the significance of the upcoming 18th BRICS Summit in New Delhi, calling for stronger BRICS cooperation as a counterbalance to unilateralism and emphasizing India’s priorities in global engagement.
