BRICS+ Expansion Could Put About 40% of India’s Trade Under Local-Currency Settlement
An analysis says BRICS+ expansion may broaden local-currency cross-border trade settlement, with Russia and Iran seen as major beneficiaries.
An analysis says BRICS+ expansion may broaden local-currency cross-border trade settlement, with Russia and Iran seen as major beneficiaries.
Global media assessed the BRICS summit’s restrained statement on West Asia, efforts to reduce dollar dependence, and India-China engagement within the grouping.
Malaysia says its participation in the BRICS Leaders’ Summit aims to promote a fairer international system rather than oppose other blocs.
The article argues that BRICS is becoming a practical economic and diplomatic platform, with India and South Africa positioned to deepen cooperation in trade, finance, industrialisation, technology and shared development.
An overview of BRICS, its membership, and the key outcomes of the 18th BRICS Summit in New Delhi, including the 140-paragraph New Delhi Declaration.
At the BRICS summit in India, leaders of China, Russia and India displayed visible unity, while a geopolitical expert said BRICS is deepening cooperation and building alternatives to Western-dominated institutions.
The New Delhi BRICS Summit declaration opposed unilateral tariffs and economic coercion while framing the grouping as reform-oriented and non-Western rather than anti-US.
The inaugural iBRICS Summit 2026 in New Delhi concluded with the signing of the DART Charter, a framework for CBDC interoperability, multi-currency clearing, and cross-border payments across BRICS nations.
Atlantic Council analyst Michael Kugelman said India’s successful hosting of the BRICS Summit and the adoption of the New Delhi Declaration demonstrated its ability to build consensus among countries with divergent views.