India’s BRICS Currency Rejection: A Masterstroke or Missed Opportunity?

India just sidestepped the BRICS currency experiment—and analysts are calling it a power move. Here's why ditching the multinational play could turbocharge the rupee's future (or leave Delhi counting the costs).

The BRICS Bloc's Big Gambit—And Why India Walked Away

While China pushes for de-dollarization, India's exit signals a bet on sovereign monetary firepower over collective risk. No backroom bailouts, no shared liquidity pools—just old-fashioned strategic autonomy.

Crypto's Shadow Play

With RBI's digital rupee trials accelerating, Delhi's snub hints at a bigger game: leveraging blockchain for trade settlements without BRICS baggage. Because why share monetary policy when code can enforce contracts?

The Finance Jab

Meanwhile, Wall Street hedge funds still can't decide if BRICS was ever more than a Goldman Sachs research note gone rogue.

Appreciate India Rejecting BRICS Currency, Says Start-up Founder & Financial Analyst

Popular financial analyst on YouTube and the CEO of Wisdom Hatch, Akshat Shrivastava backed India’s move to reject BRICS currency. He called it a “smart move” by the Modi administration for making its stance clear ahead of the Brazil summit. He explained that India gains the most from the US dollar as it imports IT sector silicon valley jobs from America and Europe. Ending reliance on the USD will only hurt India’s GDP and disrupt the IT jobs sector thriving in the country.

This is a smart move by India.
India contributes 3% to the world's GDP.
US contributes roughly 27%.

US$ contribution to the world trade is around 66%.

Our only hope to contribute more to the world's gdp is:

1) If we import tech/business stack and build our manufacturing… https://t.co/ooh5GNeaj2

said Akshat for rejecting BRICS currency before the 2025 summit.he wrote.