At the second BRICS trade contact group meeting in Gandhinagar, India highlighted strong growth in intra-BRICS trade and discussed deeper integration, resilient value chains, and expanded services trade.
At the BRICS Foreign Ministers’ Meeting in New Delhi, members endorsed India-backed priorities, condemned terrorism, and advanced cooperation across governance, development, and digital agendas despite no joint statement on West Asia.
The former Brazilian president proclaimed that the BRICS bank must develop a new strategy to maintain the development course over the next five years.
At a session marking BRICS’ 20th anniversary, Russia’s foreign minister proposed a new investment platform to fund development projects, including via digital assets, with a potential role for the New Development Bank.
India urged BRICS to champion sweeping reforms, calling global institutional overhaul ‘not a matter of choice, but of necessity.’ Seeking a ‘more representative’ UN Security Council and fairer financial systems, India warned that ‘reform is overdue’ to address modern challenges like supply chain fragility and energy insecurity.
A high-level BRICS delegation visited India’s GIFT City to examine its IFSC ecosystem ahead of India’s 2026 BRICS Chairship and Summit.
At the NDB annual governors’ meeting in Moscow, the bank outlined priorities for local-currency financing, digital financial tools, sustainable infrastructure, and broader Global South cooperation.
Representatives from BRICS countries toured India’s GIFT City to review IFSC capabilities and discuss cross-border finance and cooperation during India’s 2026 BRICS Chairship.
Seminar in Moscow highlights support for sustainable development priorities
