BRICS Chips at Dollar Without Fully Dislodging Its Foundations
BRICS is focusing on practical cross-border payment links and local-currency settlement rather than pursuing a common currency, according to an analysis of the New Delhi summit agenda.
BRICS is focusing on practical cross-border payment links and local-currency settlement rather than pursuing a common currency, according to an analysis of the New Delhi summit agenda.
At the BRICS Summit, PM Modi called for resilient and equitable critical minerals supply chains, stronger Global South representation, and BRICS cooperation that reaches ordinary citizens.
At the 18th BRICS Summit in New Delhi, India announced new BRICS mechanisms for early warning of infectious diseases, disaster management, and more resilient supply chains.
The BRICS 2026 summit produced a comprehensive New Delhi Declaration, reflecting consensus on terrorism, UN reform, trade and energy issues, while India-China relations remained central to the grouping’s dynamics.
A BRICS women’s business alliance has called on member states to widen supply-chain participation, financing, digital tools, and investor networks for women-led enterprises.
India’s BRICS presidency secured consensus in the New Delhi Declaration, but the grouping’s credibility now depends on delivering practical outcomes at speed and scale.
BRICS support for a proposed Grain Exchange could help counter Western commodity traders, but experts cite currency, regulatory and participation challenges.
The Communist Party of India welcomed the BRICS declaration and said the grouping should lead the push for a more representative, democratic and equitable international order.
Xi unveiled a five-point BRICS cooperation initiative at the summit’s concluding session, centered on AI, digital economy, manufacturing, trade and science-technology collaboration.