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BRICS summit may pave way for India-China economic reset
Leaders from BRICS countries will meet in New Delhi on September 12 and 13.
India wants the meeting to produce practical plans for trade and investment.
Prime Minister Narendra Modi is expected to meet Chinese President Xi Jinping.
They may discuss the border, business ties and technology.
Modi will also meet Russian President Vladimir Putin about energy and defence.
India wants countries to use easier digital payments and local currencies for trade.
The group will discuss problems caused by tariffs, wars and energy-price increases.
Some BRICS countries disagree about major international conflicts.
India will try to keep those disagreements from overshadowing economic cooperation.
Prime Minister Narendra Modi and President Xi Jinping are expected to discuss border issues, trade, investment and technology access.
India’s BRICS presidency is seeking concrete economic outcomes through the proposed Strategy for BRICS Economic Partnership 2030.
The summit agenda includes trade, energy and food security, resilient supply chains, technology and global governance reform.
Modi is also scheduled to meet Russian President Vladimir Putin on energy, defence and strategic cooperation.
Geopolitical tensions involving the United States, Iran, Russia and Ukraine could complicate efforts to keep the summit focused on economics.
- Who
- BRICS leaders, including Narendra Modi, Xi Jinping and Vladimir Putin, will participate.
- What
- The 18th BRICS Summit will address economic cooperation, global governance and bilateral relations.
- Where
- The summit will take place in New Delhi, India.
- When
- The summit is scheduled for September 12-13; Modi’s meeting with Putin is expected on September 11, and his meeting with Xi on September 12.
- Why
- India seeks stronger trade, investment, supply-chain and financial cooperation while managing geopolitical tensions.
Economic Expansion
Strategic Caution
India-China economic ties
Economic Expansion
Indian industry seeks greater access to Chinese capital goods, components and technology for manufacturing, renewable energy and electronics.
Strategic Caution
New Delhi remains concerned about the widening trade imbalance and China’s dominance in strategic supply chains.
BRICS financial cooperation
Economic Expansion
India is expected to support cross-border digital payments, local-currency settlements and more interoperable payment systems.
Strategic Caution
India is expected to avoid making de-dollarisation the central political objective or turning BRICS into an explicitly anti-US or anti-Western bloc.
Economic agenda versus geopolitics
Economic Expansion
India wants practical economic deliverables and greater South-South trade and investment.
Strategic Caution
Conflicts involving Iran, Ukraine and Russia, along with energy-security risks around the Strait of Hormuz, could deepen divisions among members.
Key facts
- Summit
- 18th BRICS Summit
- Host
- India
- Location
- New Delhi
- Dates
- September 12-13
- Economic framework
- Proposed Strategy for BRICS Economic Partnership 2030
- Key India-China topics
- Border situation, trade, investment and technology access
- Key India-Russia topics
- Energy, defence and wider strategic cooperation
Sources
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