Jammu, Sept. 14 -- The latest BRICS financial agenda is ambitious enough to suggest that the grouping is no longer content merely to complain about the inequities of the global economic order; it wants to build pieces of an alternative. But ambition, particularly in a grouping as diverse as BRICS, is cheap. The harder question is whether the bloc can convert a long catalogue of declarations on trade, payments, development finance, taxation, cyber resilience and institutional reform into mechanisms that businesses, banks, investors and governments actually trust and use.
That is the real test confronting BRICS as India's 2026 chairship draws to a close and China prepares to take over in 2027.
Finance ministers and central bank governors me...