Experts said India’s BRICS presidency and the 18th BRICS Summit demonstrated New Delhi’s ability to convene an expanded grouping and build consensus on practical cooperation across trade, security, technology, finance and Global South engagement.
The article summarizes the main outcomes of the recent BRICS Summit, including calls for multilateral reform, local-currency trade, regional diplomacy, counter-terrorism consensus, and cooperation on AI and climate issues.
BRICS leaders discussed expanding local-currency trade and cross-border payment systems, while experts highlighted obstacles to replacing the US dollar.
The BRICS New Delhi Declaration, adopted under India’s chairship, outlines an actionable agenda for business and developing economies, but implementation through working groups, action plans, and pilot projects will determine its impact.
As BRICS expansion strengthens the bloc’s geopolitical weight, it also tests its cohesion in an increasingly unstable international environment.
India’s engineering export promotion body urged BRICS nations to remove non-tariff barriers and streamline cross-border payments to boost trade.
A Middle East analyst said BRICS could gradually reduce U.S. economic dominance by lowering dependence on the dollar rather than through direct confrontation.
The 18th BRICS Summit final declaration centers on global governance reform, New Development Bank expansion, payment interoperability, trade cooperation, and support for the Global South.
At the 18th BRICS Summit in New Delhi, India used its chairmanship to create diplomatic space among rival powers while pushing BRICS toward practical economic and multilateral outcomes.
