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Delhi Keeps BRICS Focused on Practical Cooperation

Delhi Keeps BRICS Focused on Practical Cooperation
No fire & brimstone: Delhi pushes back against making BRICS a geopolitical bloc · indianexpress.com

India hosted a BRICS meeting during a time of conflict and economic uncertainty.

Some people want BRICS to become a strong group opposing the United States and other Western countries.

India pushed the group in a different direction.

It supported practical cooperation instead of an ideological fight.

Members criticized sanctions, tariffs and protectionism, but they did not create a united political front against the West.

They also discussed making international payments faster and cheaper.

The group did not agree to create a shared currency or replace the dollar.

India highlighted digital systems, artificial intelligence training and other development issues.

The meeting showed that BRICS members still disagree on many matters, but they can continue talking and working together.

Key facts

Forum
BRICS
Host
India
Declaration
The New Delhi Declaration
Payment policy
Support for faster, cheaper and more reliable cross-border payments
Common currency
The declaration avoided endorsing a common BRICS currency
Key priorities
Supply chains, health, food security, climate adaptation, digital systems and development finance
Institutional challenge
The declaration covers many issues but also highlights BRICS’ limited institutional sharpness

Sources

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