India Says BRICS Local-Currency Trade Needs Stronger Banking Infrastructure
India has called for stronger banking links and expanded vostro accounts to ease settlement of BRICS trade in local currencies.
trade facilitation
At BRICS summit, nations work to become a counterpoint to the West
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.
Major success: MEA hails over 50 successful outcomes during India’s BRICS Chairship
India’s Ministry of External Affairs said the 18th BRICS Summit in New Delhi produced over 50 action-oriented outcomes and a declaration focused on Global South representation, multilateral reform, and practical cooperation.
The War In West Asia In The Aftermath Of The New Delhi Summit
Analysis of how the New Delhi BRICS Summit and its member states’ diplomatic reach could support crisis management in West Asia, protect shipping and energy routes, and limit global economic fallout.
BRICS Just Voted To De-Dollarize, The Dollar Went Up
BRICS’ New Delhi Declaration focuses on local-currency payment infrastructure rather than a common currency, with any move away from the dollar expected to be gradual.
BRICS Innovation Center Boosts Global South Synergy
Xinhua reports that China is using the BRICS New Industrial Revolution Partnership Innovation Center in Xiamen to expand technology, investment, training, and trade cooperation with Global South countries.
BRICS talks focus on securing fertiliser supplies as India faces mounting subsidy burden
BRICS members discussed ensuring adequate fertilizer supplies within the bloc as India’s subsidy burden rises, with the New Delhi Declaration emphasizing mitigation of abrupt supply crises.
‘From BRIC to BRICS Plus’: A Movement Rewriting the World Economic Order; Why BRICS Matters
An explainer on BRICS after India hosted the summit, covering its membership, expansion, institutions, joint declaration, New Development Bank, and role in the global economy.
BRICS Could Move Beyond Dollar, But Not Towards A Single Currency
BRICS has shifted focus from a common currency to local-currency settlements, cross-border payment links and financing alternatives to reduce reliance on the US dollar.