India’s BRICS Summit: A Multipolar Turning Point
An opinion article examines India’s BRICS presidency and the group’s role in financial cooperation, strategic autonomy, and reform of global institutions.
An opinion article examines India’s BRICS presidency and the group’s role in financial cooperation, strategic autonomy, and reform of global institutions.
A proposal presented by Russia at the St Petersburg International Economic Forum envisions a BRICS sanitary authority to facilitate agricultural trade and export protocols.
BRICS is expanding local-currency financing and exploring alternative payment infrastructure to reduce dollar dependence through gradual financial cooperation.
India is preparing a series of BRICS ministerial meetings ahead of the September summit in Delhi, with focus on trade in local currencies, financial reform, fair trade, and resilient supply chains.
Brazil is seeking new markets after US tariffs, and analysts say BRICS may help diversification but only in the medium and long term.
A Russian proposal under study would create a BRICS commercial and payment system using member countries’ currencies, potentially reducing reliance on the dollar and supporting commodity trade.
The BRICS Chamber of Commerce & Industry marked its 14th Foundation Day in New Delhi, emphasizing its role in advancing trade, investment, innovation, policy dialogue, and people-to-people cooperation across BRICS and BRICS+ nations.
India is preparing for a month of major multilateral diplomacy, including the SCO Summit, the BRICS Summit in New Delhi, and the UN General Assembly, with a focus on Global South interests, counterterrorism, supply chains and international institutional reform.
India is pursuing expanded health-sector cooperation with BRICS member states after a BRICS health ministers’ meeting endorsed a roadmap that could open a generic drug market about 3.5 times larger than the US.