Piyush Goyal states India opposes introduction of BRICS currency
Commerce and Industry Minister Piyush Goyal announced on Friday that India does not support the creation of a common BRICS currency. Speaking to reporters in Jaipur following a two-day meeting of trade and industry ministers from the bloc, Goyal clarified that India remains opposed to any such scheme being introduced by the group.
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What Happened
Commerce and Industry Minister Piyush Goyal stated on Friday that India is not in favour of a BRICS currency. He confirmed that the nation does not support the introduction of such a scheme and opposes the proposal. These remarks were made to reporters following the conclusion of a two-day meeting of BRICS trade and industry ministers held in Jaipur.
The position reflects India's stance on the potential integration of financial systems within the BRICS bloc. The meeting in Jaipur brought together representatives to discuss trade and industry cooperation among the eleven member nations.
Key Facts
- Piyush Goyal is the Commerce and Industry Minister of India.
- The statement was made following a two-day meeting of BRICS trade and industry ministers.
- The meeting took place in Jaipur.
- India has officially expressed opposition to the introduction of a BRICS currency.
The Timeline2
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7 Aug
- ETThe Economic TimesIndia against separate BRICS currency: Piyush Goyal
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1 state with local coverage. Spread across the country, with no regional concentration. Also carried by 1 national masthead.
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