New Delhi will advocate bilateral connections among central bank digital currencies to lower international transaction costs, avoiding a unified BRICS payment system seen as anti-dollar.
Indian Trade Minister Piyush Goyal called for credit, market access and predictable rules to increase women entrepreneurs’ participation in BRICS global value chains.
The NDB platform will bring together experiences in open-source AI, clean energy, infrastructure, digital finance, and sustainable development.
Brazilian President Luiz Inácio Lula da Silva will not attend the 18th BRICS Leaders’ Summit in New Delhi, with Foreign Minister Mauro Vieira representing Brazil as Lula prepares for the country’s election campaign.
A 20-year review of BRICS highlights its expansion, institutional development, growing economic weight, and role in shaping a more multipolar global order.
A former diplomat says US tariff pressure may make India more cautious at the 2026 New Delhi BRICS Summit, while India continues to view the grouping as a platform for reform, diversification and strategic autonomy.
At a BRICS summit in New Delhi, former Finance Secretary Subhash Chandra Garg discussed local-currency settlement, China’s CIPS system and the limited prospects for an India-centric BRICS payment system.
As India chairs the 18th BRICS Summit, New Delhi is promoting resilience, innovation, cooperation, and sustainable development among emerging economies.
BRICS Pay aims to connect national payment systems of member and partner countries, starting with an India-Russia MoU linking UPI and Russia’s Faster Payments System for cross-border transactions in local currencies.
