BRICS Consensus on Joint Statement a Win-Win Situation for India: SJM’s Ashwani Mahajan

Source: Free Press Journal | Original Published At: 2026-09-12 18:04:34 UTC

Key Points

• BRICS leaders adopted the New Delhi Declaration at their 18th summit, addressing unilateral tariffs, climate-linked trade barriers, and WTO reform.
• Ashwani Mahajan described the consensus on a joint statement as a win-win for India, saying it preserved strategic autonomy while reflecting India's concerns.
• Mahajan noted that India's role in BRICS is significant because India is chairing the bloc amid global uncertainty from wars, conflicts, and trade wars.
• He supported trade in domestic currencies and opposed the weaponisation of trade, critical minerals, and technology.
• He called for interoperability between a BRICS payment system and existing global systems such as SWIFT, saying it could benefit global trade.
• He urged BRICS to advance domestic-currency trade, free and fair trade, and payment-system cooperation while addressing concerns over economic pressure.