BRICS countries have proposed new networks for agro-inputs, digital farming and genetic resources to strengthen agricultural cooperation and promote climate-resilient farming.
At the BRICS Business Forum, Prime Minister Modi called for concrete action on trade barriers, startup expansion and business partnerships, while President Putin highlighted sanctions pressure and Russia’s economic resilience.
BRICS leaders meet in New Delhi to discuss economic cooperation, regional conflicts, and reforms to the global economic order.
BRICS expansion is expected to be discussed at the New Delhi summit, with more than 30 countries seeking membership and several candidate countries highlighted.
Foreign policy experts said BRICS cooperation could reduce India’s dependence on Western nations, while the summit offers a platform to discuss global conflicts and economic ties.
The U.S. ambassador’s visit to Imphal is taking place as India hosts the 18th BRICS summit and global attention focuses on India’s diplomatic engagement.
Speaking at the BRICS Business Forum, Russian President Vladimir Putin said BRICS countries had generated more than 40% of global GDP over the past five years, compared with 29% for the G7.
FICCI President Anant Goenka said BRICS can help India diversify supply chains, deepen investment and technology ties, and expand digital payments across emerging markets.
BRICS is advancing local-currency settlement through BRICS Pay rather than launching a shared currency, according to a Business Today explainer.
