economy
January 9, 2026
India to steer BRICS in 2026 amid Trump-era turmoil
India has taken over the presidency of the highly influential and economically powerful grouping for 2026

TL;DR
- India officially took over the BRICS presidency for 2026 from Brazil.
- The Indian presidency will prioritize continuity, consolidation, and consensus, while being responsive to global developments and the Global South's evolving needs.
- India's accession coincides with US President Donald Trump's imposition of significant tariffs on goods from various countries, including India and Brazil.
- The BRICS grouping hopes to expand its influence and is seen by some as an alternative to the US-dominated international financial system.
- The article highlights the economic power of BRICS, with its collective GDP projected to exceed the global average and its economy already larger than the G7.
- Recent expansions have brought Iran, Egypt, Ethiopia, the United Arab Emirates, and Indonesia into the bloc.
- India aims to leverage BRICS to diversify global trade mechanisms in response to US-imposed tariffs and to foster financial, trade, and economic cooperation.
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