BRICS

Prime Minister Tarique Rahman's decision to skip the BRICS summit in India was "immature" and damaged Bangladesh's national interest, former premier Sheikh Hasina has said, warning that foreign policy driven by personal reactions or short-term political calculations is inherently counterproductive. In an exclusive interview with PTI, Hasina said Bangladesh's participation at the summit of the influential grouping could have opened up new opportunities for the country's economic and social development, but that chance was lost. The former Bangladesh prime minister said if her presence in New Delhi was the reason behind Rahman's refusal to attend the summit, it was very unfortunate, as relations between two countries cannot be determined by personal considerations or political sensitivities involving one individual. Questioning Rahman's decision, Hasina said that a responsible government should "open doors for the country, not close them." New Delhi had extended an invitation to ...

External Affairs Minister S Jaishankar has said that choosing between groupings such as BRICS and the United Nations is "a false choice", emphasising that smaller groups are supportive of the global organisation and would like to see it reformed. "I think it's a false choice. The UN is the UN. It may have many shortcomings. It also has many achievements, and obviously, when you want to reform it, when you want to change it, it's natural to focus on the shortcomings. But I don't think that should lead us to be dismissive of the UN," Jaishankar said. The minister was addressing a session titled 'Ruptures & Ramparts: Building Bridges for a Changing World' organised on the margins of the 81st session of the UN General Assembly by the Observer Research Foundation, Reliance Foundation, UN in India and the Permanent Mission of India to the UN here Thursday. Participating in the session, moderated by ORF President Samir Saran, were Jamaica's Minister of Foreign Affairs and Foreign Trade ..

DEA Secretary Anuradha Thakur said BRICS discussions include interoperability of payment and messaging channels and the use of local currencies for trade and investment

From the bank strike and prohibition debate to WTO reform, infrastructure risk-sharing and the history of data, today's opinions examine policy choices, institutional design and their consequences

The New Delhi Declaration is impressive but requires immediate follow-up action from India on its trade policies and WTO reform

Sitharaman said India has proposed working groups on international taxation and transfer pricing, and revenue statistics to deepen cooperation among Brics tax administrations

India's exports to China, South Africa, Brazil and Russia grew 34 per cent to USD 19.9 billion in April-August 2026-27, led by a 39 per cent jump in shipments to China, highlighting the growing importance of the BRICS bloc for India's export growth. "As India deepens its engagement with the BRICS bloc, strongest momentum is coming from the BRICS members, especially Core BRICS founding partners-- China, South Africa, Brazil, and Russia," an official said. BRICS, originally comprising Brazil, Russia, India, China and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia, with Indonesia joining in 2025. Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam became BRICS partner countries last year. According to the commerce ministry data, exports to the four core BRICS economies grew by 34 per cent, rising from USD 14.9 billion in April-August 2025-26 to USD 19.9 billion in April-August ...

In this episode of Macro Matters, Ankur Bhardwaj speaks with A K Bhattacharya, Archis Mohan and Sanjeeb Mukherjee on UPI charges, Tata’s succession question, an expanded BRICS and how the West Asia.

During the Brics summit in New Delhi, the grouping urged the New Development Bank to expand local-currency financing. Here is how bank raises funds and what it finances

The 18th BRICS Summit in New Delhi ended with a 140-point declaration covering trade, terrorism, West Asia, local-currency payments, AI and global governance. Here are the key takeaways.

India and China seek stronger economic ties, but trade imbalance, border tensions and limited Chinese investment remain key hurdles

At the 18th Brics Summit, the New Delhi Declaration has criticised tariffs, sanctions and carbon trade measures linked to Western countries without naming them

WHO chief urged Brics leaders to focus on health resilience, innovation, cross-border cooperation and sustainable financing

BRICS leaders stopped short of endorsing concrete steps on payment-system interoperability and local-currency trade, leaving India's long-running push without a firm action plan

Industry says Brics initiatives on skills forecasting, remote employment and worker mobility could improve skills alignment and expand access to international jobs

BRICS has economic heft, but tangible gains for members remain limited

The Brics Grain Exchange, proposed in 2023 as a digital platform, is being championed by Russia, one of the world's largest grain producers

The leaders' last sit-down bilateral meeting was on August 31, 2025, when Modi visited China for the Shanghai Cooperation Organization summit