India will host the 18th BRICS Summit in New Delhi as chair of the expanded grouping, seeking consensus among member states on trade, financial cooperation, and geopolitical challenges.
The article argues that BRICS payment cooperation expands local-currency trade settlement while participating countries retain existing monetary and reserve arrangements.
BRICS competition authorities have launched a joint inquiry into possible monopolies in the global grain trade and are exploring a bloc grain exchange.
Preparatory discussions focus on territorial integrity, maritime commerce and diplomacy in West Asia as India seeks consensus ahead of the BRICS summit.
Indian insurance regulator IRDAI has approved investment in the BRICS-backed New Development Bank’s Maharajah INR onshore rupee bonds, which the bank plans to use for sustainable development and infrastructure financing in India.
Mumbai will host the second Global Impact Forum on September 5 and 6, 2026, ahead of the 18th BRICS Summit in New Delhi, bringing together cultural exchange, business networking and startup pitches across BRICS countries.
India will chair a two-day meeting of BRICS finance ministers in New Delhi to explore financial mechanisms, digital currencies, and ways to boost intra-bloc trade.
India frames proposed links between BRICS payment systems and central bank digital currencies as measures to lower costs and speed settlements.
India is facilitating negotiations ahead of the September summit in New Delhi, with discussions focused on consensus, practical trade measures and integrating newer members.
