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The Latest Breaking News from BRICS

BRICS Summit: Xi Jinping arrives in Delhi after 7 years; PM Modi meeting to test India-China reset

Chinese President Xi Jinping arrived in New Delhi for the 18th BRICS Summit. He will hold talks with Prime Minister Narendra Modi on the summit's sidelines. This marks Xi's first visit to India in nearly seven years. China aims to enhance cooperation and manage differences with India. The summit addresses…

The Economic Times · Sep 12

Opportunity for India to reassert its global leadership: South Asia analyst Michael Kugelman on BRICS 2026

South Asia analyst Michael Kugelman said on Saturday that the 18th BRICS Summit offers India, the chair, a pivotal platform to reassert its global leadership and strengthen ties with the Global South amid growing volatility in the international order.

The Economic Times · Sep 12

Putin takes potshots at "so-called G-7", says over 40% of world's GDP has been produced by the BRICS countries

Russian President Vladimir Putin emphasized the pivotal role of BRICS nations in fostering global economic growth and demographic expansion. He criticized the relevance of the G-7, branding it as the 'so-called G-7,' and condemned the extensive sanctions imposed on Russia amid the ongoing Ukraine conflict, while asserting Russia's resilience and…

The Economic Times · Sep 12

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India a vital strategic partner, says Egypt president; calls for stronger trade via Suez Canal

Egypt's President congratulates India on its BRICS presidency and highlights mutual cooperation. The nation's strategic location offers significant trade and logistics advantages for Indian companies. Egypt seeks to boost local manufacturing and technology transfer with India. BRICS membership provides broader avenues for developmental and economic cooperation. Egypt advocates for strategic…

The Economic Times · Sep 11

Pakistan wants a seat at the BRICS table. What stands in its way?

Pakistan formally applied for BRICS membership in 2023 and sought Russia’s backing, but its bid has yet to succeed. While Islamabad could count on China’s support and later bought a $580 mn stake in the BRICS-backed New Development Bank, India’s position has emerged as the key hurdle to Pakistan’s entry.

The Economic Times · Sep 11

BRICS hand-in-hand: PM Modi, Putin, Pezeshkian, other leaders walk side by side, showcasing bloc unity

Prime Minister Narendra Modi led Russian President Vladimir Putin, Iranian President Masoud Pezeshkian and other BRICS leaders at the Business Forum in New Delhi, where the leaders projected unity and called for deeper economic cooperation. Modi highlighted BRICS’ growing global economic weight, while Putin and Pezeshkian stressed stronger business ties…

The Economic Times · Sep 11

BRICS' trade puzzle: Modi, Putin and Pezeshkian pitch three different fixes

The BRICS Business Forum saw leaders discuss expanding intra-bloc trade and economic resilience. Prime Minister Modi focused on removing trade barriers and India's stability. President Putin addressed countering Western economic pressure and sanctions. President Pezeshkian linked economic security to conflict and rebuilding Iran's economy. New trade data reveals a complex…

The Economic Times · Sep 11

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Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Russian President Vladimir Putin proposed an NDB-based investment platform to fund trade, infrastructure, logistics and technology projects across BRICS, while stressing the grouping was not directed against other countries. He highlighted transport corridors, AI, finance and business cooperation as BRICS seeks greater economic resilience and reduced reliance on Western-led institutions.

The Economic Times · Sep 11

PM Modi, Iran's Pezeshkian hold first New Delhi talks since West Asia war; vow to expand bilateral ties

Prime Minister Narendra Modi held talks with Iranian President Masoud Pezeshkian in New Delhi on Friday, reviewing the escalating West Asia conflict and India-Iran ties. The meeting, their second in less than two weeks, came amid fresh US measures against Iran, disruptions to oil supplies and concerns over navigation and…

The Economic Times · Sep 11

In talks with Putin, Modi raises safety of Indians in Black Sea

Prime Minister Narendra Modi and Russian President Vladimir Putin discussed the safety of Indian seafarers in the Black Sea and India’s readiness to support peace efforts in the Ukraine conflict. The two leaders agreed to target $100 billion in annual bilateral trade by 2030 and deepen cooperation across defence, energy…

The Economic Times · Sep 11

India-BRICS trade increased more than 100% during last five years to USD 417 billion in 2025-26: ASSOCHAM

India's trade with BRICS nations has significantly increased over recent years. Outbound shipments to BRICS partners are projected to reach USD 200 billion by 2030. This expansion offers Indian suppliers new export destinations beyond traditional markets. Enhanced cooperation within BRICS will reinforce production networks and value chains. India's economic growth…

The Economic Times · Sep 11

BRICS 2026: PM Modi calls for top 10 trade barriers to be removed; says India is building ‘economic bridges’ to shield Global South

Prime Minister Narendra Modi urged BRICS members to identify and remove their top 10 trade barriers as the grouping enters its third decade, saying India is building economic bridges as trade barriers rise globally. At the BRICS Business Forum, Modi also positioned India as a source of growth, stability and…

The Economic Times · Sep 11

Ahead of Modi-Xi meeting, Beijing says India and China should handle differences properly

President Xi Jinping will visit India for the BRICS summit and bilateral talks. China urges handling differences and viewing ties from a strategic perspective. This meeting follows previous engagements between the two leaders. The BRICS summit is a key platform for emerging market cooperation. Xi's visit aims to stabilize bilateral…

The Economic Times · Sep 11

BRICS 2026: US-Israel's war has pushed Iran’s economy into a ‘far more dangerous phase’, says President Masoud Pezeshkian

Iranian President Masoud Pezeshkian told the BRICS Business Forum that the US-Israel military action against Iran had shown economic security could not be separated from national and regional security. At his first major international stage since the February war began, he urged BRICS to strengthen economic resilience through diversified trade,…

The Economic Times · Sep 11

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The Economic Times · Sep 11

BRICS should be a forum that is 'non-West, but not anti-West': Shashi Tharoor

Shashi Tharoor stated BRICS should be non-Western but not anti-Western for India. He noted hosting BRICS offers India significant prestige and diplomatic convening power. Difficulties in India-China ties stem from one side, with China acting hostilely. India seeks more flexibility and friendship from China in bilateral relations. The BRICS Summit…

The Economic Times · Sep 11

A $6 trillion strong bloc: BRICS now accounts for 24% of global exports, says Piyush Goyal

Commerce Minister Piyush Goyal said BRICS nations’ exports rose sharply from about $900 billion in 2003 to $6 trillion in 2024, while their share of global exports nearly doubled to about 24%. He made the remarks at the BRICS Business Forum in New Delhi, attended by PM Modi and Vladimir…

The Economic Times · Sep 11

BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffs

BRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased local currency use in trade and investment activities. The bloc criticized unilateral tariffs and trade measures, supporting a rules-based multilateral trading system. Work continues on cross-border payment systems and strengthening the New Development…

The Economic Times · Sep 11

BRICS summit: 37 deep-tech innovations on display at Bharat Innovates Exposition on Sep 11-12

India's 37 deep-tech innovations are showcased at the Bharat Innovates Exposition in New Delhi. This event occurs on the sidelines of the upcoming BRICS summit, highlighting advanced technologies. The exposition aims to foster global collaboration and investment in India's innovation ecosystem. Participating startups will gain access to BRICS leaders, investors,…

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The Economic Times · Sep 11

BRICS finance chiefs urge reform of global development financial institutions

BRICS finance ministers and central bank governors are calling for essential reforms within global institutions, with an aim to amplify the role of emerging market economies in international decision-making while advocating for enhanced compatibility of payment systems among member states.

The Economic Times · Sep 11

Modi-Putin bilateral talks conclude in Delhi, duo share a car ride to INNOPROM exhibition

Prime Minister Narendra Modi and President Vladimir Putin held bilateral talks in New Delhi. They then shared a car to visit the INNOPROM Exhibition together. President Putin arrived for a three-day visit centered around the BRICS Summit. This meeting continues a pattern of leader-level engagement between the two nations. India…

The Economic Times · Sep 11

PM Modi-President Putin hold bilateral talks at Bharat Mandapam ahead of BRICS Summit

The meeting comes as leaders of BRICS countries prepare to gather for the summit, which is being hosted by India. Modi and Putin’s meeting is part of a series of bilateral engagements involving the participating leaders before the main summit.

The Economic Times · Sep 11

BRICS finance ministers discuss possibility of efficient cross-border payment mechanisms

BRICS finance ministers and central bank governors are exploring faster and cheaper cross-border payment systems, including greater use of local currencies for trade and investment. The talks come ahead of the New Delhi summit as the grouping also pushes for greater representation of developing economies at the IMF and World…

The Economic Times · Sep 11

Salman Khurshid urges Centre to include Opposition in India’s BRICS consultations

Congress leader Salman Khurshid stated India's BRICS representation should include the entire country. He urged the Union government to consult the Opposition on BRICS matters. BRICS represents a significant share of global population, trade, and emerging economic strength. India's BRICS chairship this year carries significant international expectations and responsibility. The…

The Economic Times · Sep 11

BRICS flags unilateral tariffs, trade barriers as global risks

BRICS finance ministers voiced serious concerns over unilateral trade measures. Higher tariffs and non-tariff barriers are distorting global trade and adding risks. The global economic outlook remains under pressure from geopolitical tensions. Trade fragmentation and protectionism also contribute to economic instability. Policy uncertainty and financial vulnerabilities add to the global…

The Economic Times · Sep 11

BRICS can boost local-currency trade with deeper financial markets, stronger banking links: Experts

BRICS nations can boost trade and investment by deepening financial markets. Experts suggest using local currencies more often for transactions. Linking payment platforms and exploring CBDCs will speed up cross-border payments. Reducing non-tariff barriers will also enhance intra-BRICS trade significantly. Greater trust and business partnerships are key for future economic…

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