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Trade and Iran-UAE gaps make India’s BRICS summit a balancing act

Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: Hindustan Times | Original Published At: 2026-09-10 19:07:53 UTC

Key Points

  • India is chairing the 18th BRICS Summit under the theme Building for resilience, innovation, cooperation and sustainability.
  • The summit includes a closed session on inclusive global governance and strengthening multilateralism, followed by an outreach session with partner countries.
  • India aims to ensure BRICS trade measures are not perceived as anti-West or tied to a de-dollarisation agenda.
  • The summit agenda includes trade settlements in national currencies, supply-chain diversification and addressing India’s trade imbalance with BRICS members.
  • India is working to bridge differences between Iran and the United Arab Emirates over the West Asia conflict to reach a consensus leaders’ declaration.
  • Global governance reform of institutions such as the United Nations, World Bank and International Monetary Fund is a key focus for India and the Global South.
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