New Delhi, Aug. 7 -- India has proposed a study to establish a BRICS Trade Receivables Discounting System aimed at addressing the trade finance gap faced by micro, small and medium enterprises (MSMEs) and supporting their integration into global markets.

The proposal, made under India's BRICS Chairship in 2026, seeks to improve MSMEs' access to working capital by facilitating the discounting of trade receivables, thereby strengthening their participation in international trade.

MSME Internationalisation Tops India's BRICS Agenda

Internationalisation of MSMEs is a key priority under India's BRICS Chairship, guided by the theme 'Building for Resilience, Innovation, Cooperation and Sustainability.'

As part of this agenda, India hosted th...