Modi is expected to attend the BRICS conference in Brazil next month, which the U.S. government is keenly monitoring.
• Prime Minister Narendra Modi is expected to attend the BRICS summit in Rio de Janeiro in July.
• The gathering is closely monitored by the Donald Trump administration, who sees BRICS as a counterweight to the G-7 group.
• The event is expected to include Russian President Vladimir Putin and Chinese President Xi Jinping, as well as leaders of Saudi Arabia, UAE, Iran, Egypt, and Indonesia.
• Modi’s attendance comes after the four-day conflict with Pakistan and India’s “new normal” on fighting terror.
• Any joint statement on crossborder terrorism by the BRICS grouping will be significant for India.
• Any meeting with the Chinese President, who Modi last met on the sidelines of the previous BRICS summit in Kazan, Russia in 2024, will also be watched with interest.
• BRICS discussions on the use of alternative or national currencies for trade are likely to trigger reactions in the U.S., given warnings against any “de-dollarisation” plans by BRICS.
• The BRICS-11 now represent half the world’s population and 39% of global GDP.