Ahead of the BRICS summit in New Delhi, China’s ambassador proposed a five-principle framework for the grouping, while the article examines the challenges posed by expansion and divergent member interests.
The PHD Chamber of Commerce and Industry urged BRICS to convert cooperation into practical benefits for Indian businesses through trade facilitation, payment links, and SME finance.
A proposal to link BRICS central bank digital currencies for cross-border payments is expected to be on the leaders’ summit agenda, according to sources.
The India-hosted BRICS summit is expected to focus on UPI-based cross-border payments, intra-BRICS trade expansion, and reduced reliance on the US dollar and SWIFT.
India is proposing to connect BRICS central bank digital currencies to improve cross-border payments, but the initiative faces technical and geopolitical hurdles.
Congress leader P. Chidambaram questioned the benefits of India’s participation in BRICS, SCO, G20 and QUAD, while BJP spokesperson RP Singh responded with trade, investment, energy and financial cooperation data ahead of the 18th BRICS Leaders Summit in New Delhi.
BRICS Chamber of Commerce and Industry Chairman Sameep Shastri said India should strengthen exports and deepen intra-BRICS trade cooperation as high energy imports have created trade deficits with most BRICS nations.
Iranian BRICS Women Business Alliance delegation says it seeks support from India and BRICS partners to build a framework for women-led companies and start-ups.
BRICS has expanded to 11 full members, and India will chair the grouping in 2026 and host the 18th BRICS Summit in New Delhi.
