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What India’s BRICS Chair Secures

Countries
BrazilChinaEgyptIndiaRussiaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentPeace & Development

Source: Hindustan Times | Original Published At: 2026-09-18 10:57:48 UTC

Key Points

  • India holds the BRICS chair as the grouping marks its twentieth year, hosting its first full in-person summit in India since the 2016 Goa summit.
  • The article highlights the New Development Bank as a tangible BRICS outcome, citing more than 30 India projects worth over $10 billion and pandemic-era emergency loans.
  • It notes BRICS financial architecture developments, including the $100 billion Contingent Reserve Arrangement, local-currency operations, and planned rupee bonds and lending.
  • India’s BRICS engagement is described as focused on reforming global institutions rather than forming an anti-West bloc, including cautious support for national currencies and consensus-based enlargement.
  • The article cites BRICS counter-terrorism outcomes, including the 2021 Action Plan and the 2026 New Delhi Declaration condemning the Pahalgam attack and cross-border terrorism.
  • It says the New Delhi Declaration also incorporated AI governance into BRICS cooperation, alongside India’s digital public infrastructure model and areas such as agriculture, startups, railways and skills.
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