India
India Chairs BRICS Summit 2026 Amid Expansion, De-Dollarisation Push
India takes the helm of the expanded economic bloc, aiming to champion the Global South while addressing diverse member interests and the agenda of reducing dollar reliance.
India has taken on its fourth BRICS Chairship, effective from January 1, 2026, as the nation prepares to host the BRICS Summit. The year 2026 holds particular significance, marking two decades since the establishment of the BRICS grouping in 2006.
The expanded economic bloc is entering a crucial phase, with its increased membership bringing greater economic and geopolitical weight. However, this growing diversity also presents challenges regarding the effectiveness of collaboration among members, who possess distinct political systems, economic priorities, and strategic interests. India's role as host will involve navigating these complex relationships, including those with major global powers such as China, Russia, and the United States.
A key item on the BRICS agenda is the discussion surrounding de-dollarisation. The focus of these deliberations is not on replacing the US dollar entirely, but rather on exploring the extent to which member countries are willing to reduce their dependence on it. The summit is expected to address alternative payment arrangements that could facilitate bilateral and multilateral transactions among BRICS nations, thereby lessening the need for dollar usage.
India's strategic objectives during its chairship include championing the Global South and advancing the concept of strategic autonomy. These high-stakes discussions underscore the evolving dynamics within the international economic landscape and the bloc's ambition to carve out a more independent path in global finance.
Reporting by the The Indian Morning Post Editorial Desk.
Related in India
Woman Killed, Man Injured in Manipur Militant Gunfight
A gunfight between suspected rival militant groups in Manipur has resulted in the death of a woman and injuries to a man. The incident occurred around 11 a.m. near villages in Kangpokpi and Senapati districts. Authorities are investigating the clash between the armed factions.
12 November 2026 · 2 min read
PM Modi Affirms 2047 Deadline for 'Viksit Bharat' Vision
Prime Minister Narendra Modi has reiterated the government's commitment to achieving a 'Viksit Bharat' (Developed India) by 2047, emphasising the significance of this deadline. He called upon media professionals to contribute to this national objective by highlighting India's achievements and helping to shape the vision.
12 November 2026 · 2 min read
Faridabad Executive Murdered in Prolonged Dog and Parking Dispute
Paramjith Dhankhar, a Singapore-based executive, was reportedly shot dead by a neighbour in Faridabad on November 6. The incident is said to have followed a long-standing disagreement over parking and a dog. Police have arrested the alleged shooter, with several family members also named in the First Information Report.
12 November 2026 · 2 min read
Kolkata Authorities Remove Temporary Structure at Abhishek Banerjee's Residence
Kolkata municipal authorities have overseen the removal of a temporary tin shade and boundary gate from outside the residence of Trinamool Congress (TMC) MP Abhishek Banerjee. While the Kolkata Municipal Corporation stated the action was carried out on police orders, Banerjee's party, AITC, claimed its workers began dismantling the structure earlier. This development occurs days after clashes between BJP and TMC workers near the property, prompting Banerjee to express concerns about surveillance and security.
12 November 2026 · 2 min read