# India opposes BRICS currency, says Piyush Goyal 2026-08-07T15:56:48+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet India has stated it does not support the creation of a separate BRICS currency, with Commerce and Industry Minister Piyush Goyal explicitly opposing any such scheme. Speaking after a two-day meeting of BRICS trade and industry ministers in Jaipur, Goyal said, 'India is not in favour of a BRICS currency and we do not support the introduction of any such scheme.' The remarks come amid growing calls from some BRICS members, particularly Russia and China, to develop an alternative to the US dollar. In 2024, US President Donald Trump had warned BRICS nations against any attempt to replace the greenback. During the Jaipur meet, ministers also discussed promoting balanced trade and improving financing access for MSMEs. ## Coverage - economictimes.indiatimes.com Tags: BRICS, currency, Jaipur, Piyush Goyal, trade, US dollar Canonical: https://indianopinion.org/india-opposes-brics-currency-says-piyush-goyal/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/india-opposes-brics-currency-says-piyush-goyal/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.