15/07/2025
De-Dollarisation & the BRICS Turn: Will India Miss the Moment?
The 2025 BRICS Rio Declaration calls for systemic alternatives to the US-led financial order. From IMF reform to SWIFT alternatives, BRICS is laying groundwork for a multipolar world. But India’s neofascist regime is caught between alignment with the US and its former commitment to the Global South.
An article by Shirin Akhter, Associate Professor, Zakir Husain Delhi College, and C Saratchand, Professor of Economics, Satyawati College, University of Delhi.
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The 2025 BRICS Leaders’ Declaration from Rio de Janeiro marks a pivotal moment in the evolving architecture of the global political economy. For the first time, a significantly expanded BRICS bloc has articulated, if not yet institutionalised, a coordinated intention to loosen the structural grip ...