BRICS leaders act to hedge, not revolt, against US dollar dominance
As the New Delhi summit closed, BRICS leaders pushed for a louder voice in global institutions while building parallel mechanisms, according to analysts.
As the New Delhi summit closed, BRICS leaders pushed for a louder voice in global institutions while building parallel mechanisms, according to analysts.
An analysis of the 18th BRICS Summit’s New Delhi Declaration says deliberate ambiguity helped maintain consensus among diverse members while addressing sanctions, conflicts, terrorism, Gaza, Kashmir, and G20 membership.
Founder of the Black Money Movement was recognized in the Education and Skill Development category at a ceremony in New Delhi.
Assam Chief Minister Himanta Biswa Sarma said the inclusion of the Guwahati Declaration in the BRICS New Delhi Declaration strengthens international cooperation against narcotics trafficking.
Analysts say the absence of a common BRICS currency reflects a pragmatic strategy to reduce reliance on the US dollar through cross-border payment infrastructure.
An Indian artificial intelligence platform for cancer care is featured in a special issue of The BRICS Health Journal launched during the BRICS Summit.
BRICS Pay has moved from discussion to practical implementation, with cooperation between Russia’s Direct Investment Fund and BRICS Pay India aimed at developing cross-border payment services within the bloc.
India’s hosting of the BRICS summit delivered diplomatic gains, including counter-terrorism language and engagement between Iran and the UAE, while analysts noted the bloc’s tilt toward a China-Russia axis and its silence on major conflicts.
The New Delhi summit produced shared positions on trade, security and artificial intelligence while launching new cooperation mechanisms across technology, health, logistics, agriculture and innovation.