India Supports BRICS Payment System, According to Institute Director
India supports the concept of an independent BRICS payment system but advocates for a careful, systematic approach.
Ash Narain Roy, Director of India’s Institute of Social Sciences, emphasized the need for thorough discussions among all BRICS members before any decisions are made. He highlighted that many BRICS nations share this cautious view. Aiming to avoid creating a dysfunctional system.
The BRICS bloc, now expanded to include 11 countries, is exploring the development of a digital payment platform. To enhance economic cooperation and counter external pressures.
Clever Robot News Desk 24th July 2024
