PM Modi Promotes Local Currency Trading At BRICS Summit For Enhanced Economic Ties

At the recent BRICS summit, PM Modi advocated for trading in local currencies to enhance economic cooperation among member nations. He highlighted India’s UPI for cross-border payments. The initiative aims to reduce reliance on the US dollar, lower transaction costs, and strengthen ties within BRICS, which collectively represents about 40% of the world’s population and 30% of the global economy.