India, May 13 -- New Delhi does not want BRICS to be defined by an anti-dollar or anti-West identity, ahead of this week's BRICS Foreign Ministers' Meeting on May 14 and 15 at the Bharat Mandapam. Senior officials in India's Ministry of External Affairs (MEA) have privately underlined that India is not pursuing any de-dollarisation agenda within BRICS and is unwilling to allow the grouping to be framed primarily through the lens of resistance to the US or Western financial power.

"We will not let the West drive its agenda in the BRICS fora. India is not considering the de-dollarisation agenda because several signed trade arrangements continue to operate in dollar terms," the official added.

While discussions around local currency trade ...