Ministry of Commerce and Industry (India) · GODL-IndiaPiyush Goyal urges local-currency trade at BRICS Business Forum 2026
Union Commerce Minister Piyush Goyal, addressing the inaugural session of the BRICS Business Forum 2026, urged member nations to link their payment systems and trade in local currencies. He said BRICS cooperation would create jobs, wealth and prosperity for a bloc that represents half the global population and 40% of global GDP. The remarks reflect the grouping's push to reduce dependence on the dollar.
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BRICS local-currency trade and de-dollarisation are high-yield IR topics.
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- Piyush Goyal, Union Commerce Minister, spoke at the BRICS Business Forum 2026.
- He called for linked payment systems and local-currency trade.
- BRICS represents half the world's population and 40% of global GDP.
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