BRICS Summit Falls Short of Expectations

The BRICS Summit in New Delhi last weekend was notable for what happened on the sidelines rather than inside the conference rooms.

Despite a declaration calling for peace in the Middle East, no significant decisions were made during the summit.

The idea of creating a BRICS currency to replace the US dollar as a reserve currency, which had been proposed at the previous summit, was not pursued due to concerns from US President Donald Trump that it would be seen as a challenge to the US dollar's dominance.

However, the visit of Chinese President Xi Jinping to India marked a significant development in relations between the two countries, with the two leaders engaging in talks.