India Ushers BRICS Into a New Era of Cooperation and Growth
India will host the 18th BRICS Summit in 2026 under a chairship theme focused on resilience, innovation, cooperation, and sustainability.
India will host the 18th BRICS Summit in 2026 under a chairship theme focused on resilience, innovation, cooperation, and sustainability.
BRICS Sherpas met to finalize the Delhi Declaration ahead of the upcoming summit. They aimed to resolve differences on referring to the West Asia war and Palestine. India pushed for anti-terror measures and multilateral institution reforms in the declaration. Trade in national currencies and New Development Bank projects will also be discussed. The summit will adopt a people-centric approach focusing on energy and supply chains.
The September 12-13 BRICS summit in New Delhi is portrayed as a possible shift from expansion to consolidation, with India, China and Russia central and Brazil represented by its foreign minister.
Ahead of the BRICS summit in New Delhi, Russian Deputy Foreign Minister and BRICS Sherpa Sergey Ryabkov said President Vladimir Putin had been candid with BRICS partners on the Ukraine issue.
India’s BRICS presidency prioritizes startups, digital infrastructure, AI and research networks to expand cooperation among member countries.
Proposal links instant payment systems, digital currencies, and trade in local currencies
BRICS negotiators are working to finalize a joint declaration on sensitive geopolitical issues ahead of leaders’ arrival in India.
India will propose a BRICS framework for faster financial and investigative information sharing to track economic fugitives and support extradition and asset recovery efforts.
The group is focusing on integrating new members and partner countries into its cooperation mechanisms following its expansion from five to 11 members.