India’s Commerce Minister urged BRICS members to interconnect payment systems, expand trade in local currencies, and make digital trade more accessible at the BRICS Business Forum 2026.
Chinese President Xi Jinping’s visit to India for the BRICS Summit is viewed as part of a broader strategic and multilateral agenda amid strained bilateral ties.
As India hosts the BRICS Summit, the BJP said India has emerged as one of the grouping’s most important and strongest members under Prime Minister Narendra Modi.
The 18th BRICS Summit in New Delhi examines whether the expanded 11-member grouping can convert diversity into practical cooperation under India’s chairship.
South African President Cyril Ramaphosa is using the BRICS summit in New Delhi to seek Indian investment in pharmaceuticals, infrastructure, critical minerals, and electric-vehicle battery industries.
At the BRICS Business Forum 2026, Indian Commerce Minister Piyush Goyal urged member and partner countries to open markets, reduce non-tariff barriers, connect payment systems, and expand cooperation in trade, technology, and agriculture.
SACCI President Mtho Xulu urged stronger BRICS institutionalization, including a permanent secretariat, while praising India’s BRICS presidency and highlighting trade, digital platforms, and regional market access.
India’s electronics exports to BRICS member nations rose sharply, with an industry body saying BRICS summit proposals on digital infrastructure and trade facilitation could deliver concrete gains for exporters.
At the BRICS Business Forum in New Delhi, business leaders from Egypt, Ethiopia and Kazakhstan called for factory investments, policy alignment and technology partnerships to deepen economic cooperation within BRICS.
