The 18th BRICS Summit adopted a New Delhi Declaration emphasizing local currencies, WTO reform, opposition to protectionism, and gradual financial cooperation, but implementation will determine its economic impact.
Indian Prime Minister Narendra Modi outlined India’s BRICS Presidency priorities and called for concrete business cooperation benchmarks across BRICS.
Andhra Pradesh Chief Minister N. Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan praised India’s successful hosting of the 18th BRICS Summit and the adoption of the New Delhi Declaration.
Indian opposition leader Rajesh Thakur questioned the tangible impact of the 18th BRICS Summit’s promises, while the summit also featured multilateral diplomacy and a declaration addressing global peace, trade, and energy concerns.
India is discussing central bank digital currency links with several BRICS partner countries to improve cross-border payment interoperability.
At the 18th BRICS Summit in New Delhi, President Cyril Ramaphosa highlighted a local-currency payment experience and called for advancing BRICS payment cooperation.
At a BRICS summit in New Delhi, Russian President Vladimir Putin urged member states to support a joint insurance system for grain markets and pursue independent pathways for trade, capital, labor, and technology amid Western sanctions.
A GTRI founder says the 18th BRICS Summit’s New Delhi Declaration criticises Western-linked tariffs, sanctions and carbon-border measures while avoiding direct naming of countries.
An explainer on the New Delhi Declaration adopted at the 18th BRICS Summit and its positions on trade, security, payments, artificial intelligence, and development cooperation.
