BRICS, India

BRICS and De-Dollarization: Implications for India and Global Power Dynamics
BRICS (Brazil, Russia, India, China, South Africa) has proposed ambitious financial reforms, including the creation of a common currency. The BRICS New Development Bank and regional development banks are seen as key players in promoting mutual trade and reducing reliance on the dollar.
India folds on the de-dollarization agenda and could fail the BRICS currency
Governor Shaktikanta Das has announced that India is not pursuing a de-dollarization policy. He also emphasized that no concrete decisions have been made regarding the creation of a common BRICS currency.
‘De-Dollarization Is Certainly Not Our Objective’—India Says After Trump’s 100% Tariff Threat Over BRICS Currency
Reserve Bank of India Governor Shaktikanta Das governor said no decision has been taken on the BRICS currency, which recently drew President-elect Donald Trump’s ire.
BRICS Currency May Not Upstage the US Dollar Anytime Soon
A few days before the 16th BRICS Summit got underway in Kazan in October, Russia, the organizers of this key conclave advised attendees to bring along U.S. dollars and euros as Russian banks preferred these currencies to exchange rather than the ruble.
India Downplays BRICS Common Currency Plan That Angered Trump
There has been no decision by the so-called BRICS block about creating a common currency to reduce usage of the dollar, India’s central bank chief said.
‘India Never For De-Dollarisation, There’s No BRICS Currency Proposal’: Jaishankar After Trump’s Tariff Warning
According to news agency PTI, Jaishankar noted that he was unsure about the exact trigger for Trump's statement but reiterated India's consistent stance against de-dollarisation. He clarified that no proposal for a BRICS currency currently exists and ...
'India Has No Interest In Weakening The US Dollar': Jaishankar On Trump's 100 Per Cent Tariff Threats To BRICS Nations
Jaishankar’s statement came a week after US President-elect Donald Trump demanded that BRICS nations, including India, Russia, and China, refrain from creating a new currency or endorsing any alternative to the US dollar.
India not pursuing shared BRICS currency, analysts say
India will not support the creation of a shared currency among the nine-nation BRICS group, analysts say, but is promoting transnational trade in its local currency
BRICS is not interested in weakening US dollar - Indian Foreign Minister
Recently elected US President Donald Trump has threatened to impose tariffs if the BRICS creates a new currency. However, the countries of the organization are not at all interested in weakening the dollar,
India has never been for de-dollarisation, no proposal for BRICS currency: EAM Jaishankar at Doha
EAM Dr S Jaishankar said, "...We have always said that India has never been for de-dollarisation, right now there is no proposal to have a BRICS currency. The BRICS do discuss financial
India's first BRICS Educational Expedition concludes in Ahmedabad with an MoU
MoU signed between Russia BRICS Project Office and BRICS Youth Alliance to further educational and cultural ties between ...
India to work with rest of Brics countries to further ease trade
In recent months, economists in the Indian government had underscored the need for attracting FDI from China to boost India’s ...
India File: In the U.S.-China trade crossfire
This was originally published in the India File newsletter, which is issued every Tuesday. Sign up here to get latest news ...
Opinion: India’s strategic move at BRICS
Kazan Summit reflects the bloc’s aim to challenge West-driven financial hegemony by promoting a multipolar world order ...