BRICS may put trade, tech and energy in focus
India's 2026 chairmanship of BRICS will focus on delivering practical cooperation in trade, technology, energy, and finance during the upcoming summit in New Delhi. With 11 members spanning major economies and developing nations, the bloc possesses considerable influence over global trade, energy, finance, and technology. However, expanding consensus among such a diverse group proves challenging.
India aims to strengthen trade corridors, reduce transaction costs, and ease customs procedures while promoting local-currency settlement and reducing dependence on dollar-based intermediaries in bilateral trade. The summit will also explore technology cooperation, including a proposed BRICS Startup Innovation Fund and a digital interface for connecting startup incubators across member economies.
Energy cooperation, involving both major producers and consumers, is another key area for BRICS, with discussions focusing on smart grids, energy storage, and hydrogen.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
