BRICS trade agenda centres on payments, market access and supply chains
India has called for linked payment systems, local-currency trade, simpler procedures and more balanced commerce across the group.
Commerce Minister Piyush Goyal used the BRICS Business Forum to call for more balanced trade, simpler regulatory procedures, faster consignment clearance and more diversified supply chains.
He also urged member and partner countries to link payment systems, support trade in local currencies and expand cooperation in agriculture, pharmaceuticals, engineering, electronics, automobiles, startups and emerging technologies.
Why it matters
Trade facilitation, payment connectivity and reciprocal market access can change cross-border costs and supply-chain resilience across large emerging economies.
SCULTRA point of view
The agenda is commercially relevant, but credibility depends on reciprocal rules, payment governance, currency-risk management and measurable reductions in non-tariff friction.
Limitations
These are forum proposals and ministerial positions, not adopted BRICS commitments or operational payment links. Aggregate trade shares cited in the release remain government-stated figures.
Source: Press Information Bureau / Ministry of Commerce and Industry, 11 September 2026, 12:10 PM IST.