The article examines whether the BRICS summit and President Xi Jinping’s visit to India could help improve India-China relations after border tensions and amid global economic and geopolitical pressures.
At the BRICS Business Forum in New Delhi, Indian Prime Minister Narendra Modi’s handshake with Iranian President Masoud Pezeshkian highlighted India’s balanced diplomacy and expanded BRICS cooperation.
The BRICS summit in New Delhi will focus on strengthening the role of emerging economies in global governance amid conflicts, trade tensions and internal differences.
Iran says a common BRICS currency remains under consideration as the bloc pushes greater use of national currencies for trade ahead of the New Delhi summit.
Indian leaders emphasized trade, innovation, supply-chain cooperation, and a greater role for emerging economies in global institutions ahead of the BRICS summit in New Delhi.
India hosted the 18th BRICS Summit in New Delhi with Chinese and Russian leaders attending, highlighting BRICS cooperation and India’s multi-directional diplomacy.
Kremlin spokesperson said dollar restrictions pushed BRICS toward national-currency settlements, as the New Delhi summit promoted local-currency payments and global governance reform.
BRICS is gaining weight in global energy markets as its 11 members include major oil producers such as Russia, Saudi Arabia, Iran and the UAE, along with major consumers India and China. The grouping accounts for roughly 41-47% of global crude oil production, but differences among members make a common energy policy difficult.
Photographs and briefings show PM Modi meeting Russian President Vladimir Putin and Iranian President Masoud Pezeshkian ahead of the 18th BRICS Summit hosted by India in New Delhi.
