New Delhi signals inclusive development push, cautious currency talk, and tighter rules on future expansion
India
M
Moneycontrol02-01-2026, 00:10

India Takes BRICS Presidency Amid Trump Tariffs, Global Trade Turmoil

  • India officially assumes the BRICS presidency for 2026, aiming to champion inclusive development and amplify the Global South's voice.
  • The presidency begins amidst US President Donald Trump's tariffs disrupting global trade and a rise in protectionism.
  • BRICS has significantly expanded to include Egypt, Ethiopia, Indonesia, Iran, and UAE, now representing 49% of the world's population.
  • India plans to resist confrontational de-dollarisation, instead promoting local currency settlements and defending multilateralism.
  • New Delhi will push for clearer BRICS membership criteria and continue its Global South agenda, addressing issues like food security and climate finance.

Why It Matters: India's BRICS presidency navigates expansion, Trump tariffs, and aims to strengthen multilateralism and the Global South.

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