BRICS Explained: What is BRICS, Which Countries Are Members, and the Full Story from 2009 to 2026
A brief overview of BRICS, its 11 member countries, history, institutions, India’s role, and the 2026 summit agenda.
A brief overview of BRICS, its 11 member countries, history, institutions, India’s role, and the 2026 summit agenda.
BRICS is not pursuing a common currency; instead, it is gradually reducing dollar dominance through local currencies, alternative payment systems, and parallel financial infrastructure.
The upcoming BRICS summit in New Delhi is described as potentially one of the bloc’s most important meetings as BRICS shifts from expansion toward consolidation.
As India prepares to host the 18th BRICS Summit, a foreign affairs expert said New Delhi is pushing a decentralised development agenda focused on agriculture, startups, climate finance and AI.
As India prepares to host the BRICS Summit, the article traces New Delhi’s shift from seeking reform in global institutions to offering scalable solutions in finance, digital public infrastructure, health cooperation and resilience.
The expanded BRICS+ bloc has a larger share of global GDP and strong intra-trade, but internal political divisions and India’s import dependence remain key challenges.
BRICS is discussing a common cross-border payments system, but India’s participation would require reconciling RBI data-localisation rules and the Digital Personal Data Protection Act.
Russia said 90% of payments with BRICS countries are now settled in national currencies, while rejecting claims that BRICS is an anti-Western bloc.
The Kremlin said BRICS cooperation is based on trust and mutual benefit and confirmed a Putin-Modi meeting on the sidelines of the BRICS summit.