A Rogers Capital Consultancy executive said BRICS is unlikely to reduce dependence on the US dollar or create a common currency in the near term.
Indian opposition leader questions public benefits of BRICS Summit as New Delhi Declaration emphasizes people-to-people cooperation.
The 18th BRICS summit in New Delhi showcased cohesion among the 11 member states and their stated ambition to reshape the global order.
Oman praised India for steering the expanded BRICS grouping toward a joint declaration, saying the consensus-building reflected New Delhi’s experience in multinational diplomacy.
The India Electronics and Semiconductor Association said the BRICS Summit agenda and SEMICON India 2026 can help advance cooperation in semiconductors, electronics, and resilient supply chains.
Chinese President Xi Jinping said China would pilot an open-source artificial intelligence zone for the BRICS bloc and called for a broader global AI governance framework based on consensus.
BRICS leaders concluded a two-day summit with calls for cooperation, inclusive global economic growth, and support for a rules-based multilateral trading system.
Indian Prime Minister Narendra Modi said the BRICS summit held in New Delhi was successful and demonstrated the group’s role as an ecosystem creating solutions to existing problems.
EEPC India said addressing non-tariff barriers and improving local-currency payment systems among BRICS countries could resolve nearly 75% of Indian exporters’ challenges.
