What’s Next for BRICS? Piyush Goyal Advocates for Enhanced Trade and Digital Cooperation

At the BRICS Business Forum 2026, Commerce Minister Piyush Goyal emphasized the need for member countries to link payment systems and promote trade in local currencies. He highlighted India's successful Unified Payments Interface (UPI) and called for enhanced digital trade accessibility. Amid global economic uncertainties, Goyal urged for resilient supply chains and open markets for mutual benefit. Russian Minister Maxim Reshetnikov echoed these sentiments, advocating for independent mechanisms for agricultural commodities and collaboration on trade initiatives. The forum reflects BRICS's growing influence, representing a significant portion of the global economy and population.