The PHD Chamber of Commerce and Industry urged BRICS to convert cooperation into practical benefits for Indian businesses through trade facilitation, payment links, and SME finance.
A proposal to link BRICS central bank digital currencies for cross-border payments is expected to be on the leaders’ summit agenda, according to sources.
The India-hosted BRICS summit is expected to focus on UPI-based cross-border payments, intra-BRICS trade expansion, and reduced reliance on the US dollar and SWIFT.
India is proposing to connect BRICS central bank digital currencies to improve cross-border payments, but the initiative faces technical and geopolitical hurdles.
Congress leader P. Chidambaram questioned the benefits of India’s participation in BRICS, SCO, G20 and QUAD, while BJP spokesperson RP Singh responded with trade, investment, energy and financial cooperation data ahead of the 18th BRICS Leaders Summit in New Delhi.
BRICS has expanded to 11 full members, and India will chair the grouping in 2026 and host the 18th BRICS Summit in New Delhi.
A panel of geopolitical experts examined the diplomatic, strategic, and economic dynamics of the expanded BRICS grouping amid conflicts in West Asia and Eastern Europe.
The BRICS Summit in New Delhi will rely on formal sessions and informal diplomatic formats, including bilaterals, pull-asides and corridor conversations, as India manages an expanded 11-member grouping.
Congress MP Manish Tewari urged BRICS countries to prioritize artificial intelligence and frontier technologies while establishing safeguards to prevent the digital divide from widening.
