Prime Minister Narendra Modi said India is reducing trade barriers and expanding business cooperation under its BRICS chairship, citing new BRICS networks and India’s economic resilience.
India’s BRICS summit and the concurrent iBRICS meeting highlight payment infrastructure, local-currency settlement and development finance as the bloc’s practical agenda.
At a BRICS Business Forum panel, Iran and the UAE highlighted the role of women entrepreneurs and micro, small, and medium enterprises in strengthening economic resilience across BRICS.
BRICS finance ministers and central bank governors backed further work on low-cost cross-border payment interoperability while favouring local currency trade over a common currency.
Indian deep-tech startups will be showcased at a BRICS exposition, while a BRICS portal for farmers, startups, researchers and investors is set to be launched.
Chinese President Xi Jinping arrived in New Delhi for the two-day BRICS summit, where wars, trade and energy dominate the agenda.
BRICS leaders unanimously adopted a joint declaration at their annual summit in New Delhi, expressing deep concern over Middle East tensions and calling for restraint, diplomacy and a multilateral approach.
At the BRICS Business Forum, Russian and Iranian leaders condemned Western sanctions and military pressure while calling for stronger BRICS resilience, highlighting India’s balancing task as summit host.
At the BRICS Business Forum, Indian ministers called for lower trade barriers, local-currency payment links, and easier cross-border services trade among member countries.
