What Will India Gain From the BRICS Summit?
India’s expected gains from the BRICS Summit include linked payment systems, local-currency trade, energy cooperation, startup support, and strategic talks with Russia and China.
India’s expected gains from the BRICS Summit include linked payment systems, local-currency trade, energy cooperation, startup support, and strategic talks with Russia and China.
India’s standing within BRICS has shifted markedly since its 2012 chairship, moving from economic doubts to a central role in shaping the bloc’s global influence.
BRICS member countries are discussing a possible new currency or alternative payment system to reduce dependence on the US dollar, while experts note major challenges and differing national interests.
As BRICS opens its New Delhi summit, its economic weight differs sharply under purchasing-power parity and dollar measures, shaping its push for greater voting power and local-currency trade.
BRICS approaches its 18th summit as a more mature mechanism positioned to lead global cooperation amid weakening international institutions.
BRICS finance ministers and central bank governors called for reform of global development financial institutions and stronger coordination on cross-border payments ahead of the India-hosted BRICS summit.
The 18th BRICS Summit in New Delhi will focus on reforming global institutions to reflect contemporary economic and geopolitical realities, with India seeking dialogue-based changes rather than replacing the existing multilateral order.
A BRICS Tourism and Women Business Alliance representative praised India’s hosting of the BRICS Business Forum and urged stronger India-South Africa cooperation on women-led entrepreneurship.
Iranian President Masoud Pezeshkian has called for expanding the use of BRICS financial mechanisms, including the New Development Bank and local-currency trade, to reduce dependence on the US dollar ahead of the BRICS summit in New Delhi.