LOK SABHA
UNSTARRED QUESTION NO- 3655
ANSWERED ON- 13/03/2026
BRICS SUMMIT
3655. SHRI RAMPRIT MANDAL
SHRI DINESH CHANDRA YADAV
Will the Minister of EXTERNAL AFFAIRS be pleased to state:-
(a) The details of the main themes of the BRICS Summit held under the chairmanship of India;
(b) whether any initiative was taken or agreement was reached during the BRICS Summit regarding trade among all member nations in their respective local currencies, if so, the details thereof; and
(c) the details of the current volume of India’s trade with BRICS nations?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF EXTERNAL AFFAIRS
(SHRI PABITRA MARGHERITA)
(a) India has chaired BRICS four times so far (2012, 2016, 2021, and now 2026). Each chairship has been guided by a distinct theme that reflects India’s priorities, as listed below:
| S.No |
Chairship Year |
Theme |
| 1 |
2012 |
BRICS Partnership for Global Stability, Security and Prosperity |
| 2 |
2016 |
Building Responsive, Inclusive and Collective Solutions (BRICS) |
| 3 |
2021 |
BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus |
| 4 |
2026 |
Building for Resilience, Innovation, Cooperation and Sustainability |
(b) There is no agreement within the BRICS framework on trade among all member nations in their respective local currencies. However, the issue of local currency financing has been discussed in the context of the BRICS Interbank Cooperation Mechanism. (c) Details of Volume of India’s Trade with BRICS nations for the FY 2024-25 is placed at
Annexure I.