PIIOUUOUH GOYAL on the Brexes: “Imagine the currency sharing with China? It is impossible to think

In the IT-BT 2025 round table, PIYOUHH GOYAL Minister of Commerce explained that India strongly rejected any BRICS proposal.

“We are registered – we do not support any BRICS. We imagined that we have a common currency with China. We have no plans.” It is impossible to think about the BRICS, “he said, as he closes speculation about a monetary unit at the level of the mass.

This position is in line with the broader India strategy within the Brexes, as it balances communication with the global south while protecting its economic relations with the United States.

The Minister of Foreign Affairs S. Jaishhakar has earlier echoed these feelings, stressing that India does not see any advantage in replacing the US dollar but supports the settlements of currency translated with the BRICS countries like Russia. With Brex expanded with Indonesia joining as a member 10, India is going with caution, ensuring that its global situation is still stable amid increasing geopolitical and economic tensions.

India’s approach to the Brexes is still measured and practically, as it benefits from the platform to inflate the global southern interests while preserving Western alliances such as the quarter.

Brics is witnessing a major shift, as Indonesia officially joined its tenth member in January and Nigeria to secure a partnership. Malaysia, Thailand and Vietnam also showed attention, indicating a wider expansion of ASEAN within the Brexes. Under the Brazilian Presidency in 2025, the bloc focuses on climate financing, artificial intelligence cooperation, and sustainable rule, as well as ongoing talks on alternative payment systems. However, the main divisions-Russia and China continue to be pushed to cancel the channel, while India and Brazil are still cautious, cautious about the economic repercussions of moving away from the American financial system.

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Add more complicated, Donald Trump warned the Brex members of supporting a new currency, threatening 100 % definitions to those who seek to replace the dollar. Trump Bryx’s position is “apparently hostile”, a major challenge to India, given $ 127 billion of annual exports to the United States. This makes any transition away from the dollar, an economic decision fraught with risks.

With the presentation of Indonesia’s membership, Brics faces a challenge in achieving a balance between the anti -Western discourse and practical economic cooperation. India still focuses on taking advantage of the mass to achieve strategic gains without provoking American revenge. Since Brazil is responsible for the Brexes in 2025, the future of the mass depends on whether it can reconcile internal differences while moving in global economic stabilization.