A Global Trade Research Initiative report says BRICS leaders are likely to discuss expanding local-currency trade and payment links, while a common BRICS currency remains unrealistic.
Speaking at the BRICS Business Forum in India, Vladimir Putin said the world is undergoing deep structural transformations and that new development locomotives are replacing old economic leaders.
As India hosts the 18th BRICS Leaders’ Summit, an India Today OSINT analysis traces the bloc’s impact through New Development Bank-funded infrastructure, trade deficits, and cross-border payment debates.
India’s priorities at the BRICS Summit in Delhi include managing relations with Russia and China, expanding trade in local currencies, linking digital payment systems, and ensuring energy security.
Russian President Vladimir Putin said at the BRICS Business Forum that Russia is prepared to work with partners on global energy and food security, logistics, trade, and technology cooperation, while criticizing Western sanctions.
At the BRICS Business Forum, Prime Minister Modi called for concrete action on trade barriers, startup expansion and business partnerships, while President Putin highlighted sanctions pressure and Russia’s economic resilience.
BRICS leaders meet in New Delhi to discuss economic cooperation, regional conflicts, and reforms to the global economic order.
Foreign policy experts said BRICS cooperation could reduce India’s dependence on Western nations, while the summit offers a platform to discuss global conflicts and economic ties.
Speaking at the BRICS Business Forum, Russian President Vladimir Putin said BRICS countries had generated more than 40% of global GDP over the past five years, compared with 29% for the G7.
