Emerging order, difficult unity – The BRICS summit and the limits of multipolarity
As BRICS expansion strengthens the bloc’s geopolitical weight, it also tests its cohesion in an increasingly unstable international environment.
As BRICS expansion strengthens the bloc’s geopolitical weight, it also tests its cohesion in an increasingly unstable international environment.
India’s engineering export promotion body urged BRICS nations to remove non-tariff barriers and streamline cross-border payments to boost trade.
A Middle East analyst said BRICS could gradually reduce U.S. economic dominance by lowering dependence on the dollar rather than through direct confrontation.
The 18th BRICS Summit final declaration centers on global governance reform, New Development Bank expansion, payment interoperability, trade cooperation, and support for the Global South.
At the 18th BRICS Summit in New Delhi, India used its chairmanship to create diplomatic space among rival powers while pushing BRICS toward practical economic and multilateral outcomes.
The 18th BRICS Summit in New Delhi highlighted India’s role in steering the expanded grouping toward cooperation, digital public infrastructure, local-currency trade, and global institutional reform.
The New Delhi BRICS summit advanced calls for reforms of Western-dominated financial institutions while highlighting divisions among members on de-dollarization, Iran, Russia, and relations with the United States.
India has called for stronger banking links and expanded vostro accounts to ease settlement of BRICS trade in local currencies.
A BRICS summit in New Delhi highlighted efforts by emerging economies to present a stronger collective voice in global affairs, while also revealing internal differences over how far the bloc should challenge Western-led institutions.