India’s Fourth Hosting of BRICS Offers Chance to Shape New Financial Order

The former envoy said that Western nations view BRICS with suspicion, believing China and Russia dominate the bloc and that its direction could oppose Western interests. He drew attention to institutional mechanisms such as the New Development Bank and the Contingent Reserve Arrangement, noting that discussions on de‑dollarisation are raising questions about the post‑World‑War‑II financial architecture.