India, Sept. 11 -- India on Friday urged BRICS nations to create a predictable business environment, set up resilient supply chains and link respective payment systems to facilitate trade in local currencies, while Russia proposed to establish a BRICS grain exchange for food security for member countries.

Delivering a keynote address at the BRICS Business Forum in New Delhi, external affairs minister S Jaishankar said, India chairship's focus is on resilience, innovation, cooperation, and sustainability among members as these priorities are especially relevant in the current circumstances.

"Friends, we meet at a time when global political and economic order is under churn. Volatility, uncertainty, and complexity have become defining fea...