Trump’s rhetoric against BRICS currency doesn’t worry India. US President-elect, Modi are on same page
New Delhi: US President-elect Donald J. Trump’s broadside against the BRICS grouping over the “de-dollarisation” rhetoric, would surprisingly find purchase in New Delhi, given that India has consistently dismissed the replacement of the dollar as a global reserve currency.
The loudest support for a BRICS common currency or a move away from the US dollar as the global currency for trade has primarily been from Moscow, as a part of its efforts to circumvent the Western dominated global architecture, including the international financial system, explained Harsh V. Pant, the Vice President of Studies and Foreign Policy at the Observer Research Foundation (ORF), to ThePrint.
External Affairs Minister S. Jaishankar, last month during his visit to the US, made it clear that New Delhi has “never a...