Iranian President Masoud Pezeshkian urged BRICS members to expand local-currency trade, strengthen financial resilience, and deepen cooperation through the New Development Bank and digital infrastructure initiatives.
Iranian and Russian leaders used the BRICS Business Forum to call for deeper trade ties, wider use of national currencies, and stronger economic cooperation among BRICS and Global South countries.
An Atlantic Council expert said the Delhi BRICS summit’s joint statement may reflect Washington’s influence, with India unlikely to issue a direct criticism of the United States.
An analysis of the BRICS summit in New Delhi examines the group’s economic size, internal trade limits, monetary cooperation, institutional weaknesses, and political rivalries.
Indian Prime Minister Narendra Modi said at the BRICS Business Forum that BRICS economies have grown roughly twice as fast as the global average and outlined India’s priorities during its BRICS presidency.
At the BRICS Business Forum and ahead of the BRICS summit, India, Russia and Iran emphasized local currency trade, payment system links and digital infrastructure, while officials said BRICS would not immediately create a common currency.
BRICS finance ministers and central bank governors issued a joint statement calling for reform of global development finance institutions and a stronger voice for emerging markets.
Russian President Vladimir Putin proposed a digital investment platform built on the New Development Bank to mobilise private-sector funding and strengthen BRICS economic competitiveness.
An opinion piece argues that BRICS has matured from a counterweight narrative into a mainstream platform for global cooperation ahead of its 18th summit in New Delhi.
