BRICS expansion could boost India’s local-currency trade

Market Mastery Webinar by Vishal Malkan Find the weak links in your portfolio by Vishal Malkan The expansion of BRICS could give India more scope to settle cross-border trade in local currencies, potentiallly bringing nearly 40 percent of its trade with BRICS+ economies within such arrangements, according to an analysis of trade exposure. For India, the share of trade that could potentially be conducted in local currencies would stand at 40 percent when the wider BRICS+ network is considered, which includes the 10 participating nations and 10 partner economies which attended the 2026 summit in New Delhi. The gains are…