India rejects the de-dollarization driven by the BRICS. While major emerging powers multiply calls to reduce their dependence on the US dollar, a key player has just closed the door to any intention of rupture: India. In a tense international context, where Western sanctions push certain countries to explore alternatives to the dollar-dominated monetary system, New Delhi chooses to play the card of stability. By stating that it has "absolutely no interest" in engaging in a de-dollarization dynamic, India sends a strong signal to its partners within the BRICS and the Global South. India distances itself from the de-dollarization project. The Indian government surprised everyone by explicitly stating that it would not support the de-dollarization efforts driven by some influential BRICS members. In fact, India has absolutely no interest in de-dollarization or in any initiative that seeks to undermine the US dollar. $FUN
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