BRICS finance ministers and central bank governors called for reform of global development financial institutions and stronger coordination on cross-border payments ahead of the India-hosted BRICS summit.
The 18th BRICS Summit in New Delhi will focus on reforming global institutions to reflect contemporary economic and geopolitical realities, with India seeking dialogue-based changes rather than replacing the existing multilateral order.
Ahead of the BRICS Summit in New Delhi, Russian President Vladimir Putin arrived in India and held a bilateral meeting with Prime Minister Narendra Modi, with defense, energy, trade, investment, and global issues expected on the agenda.
Union Minister G Kishan Reddy said critical minerals will be a major agenda item at the BRICS Summit hosted by India, while highlighting efforts to secure lithium supplies.
Iranian President Masoud Pezeshkian has called for expanding the use of BRICS financial mechanisms, including the New Development Bank and local-currency trade, to reduce dependence on the US dollar ahead of the BRICS summit in New Delhi.
BRICS leaders gather in New Delhi for an India-hosted summit focused on global trade, regional crises, economic resilience and cooperation with the Global South.
As India prepares to host the 18th BRICS Summit, a widening trade gap with the expanded bloc highlights the challenge of converting deeper BRICS ties into stronger export opportunities for Indian businesses.
Indian External Affairs Minister S. Jaishankar called for greater private-sector engagement in shaping BRICS’ economic cooperation agenda.
The BRICS summit in New Delhi is expected to focus on geopolitical and economic tensions, including US pressure over dollar dominance and efforts to avoid direct confrontation with Washington.
