India and Iran explore ways to expand economic engagement as both sides seek stronger cooperation in areas of mutual interest.
BRICS nations adopted the New Delhi Declaration, voicing concern over unilateral tariffs and non-tariff measures while reaffirming support for WTO reform and a fair, open and rules-based global trading system.
India’s gem and jewellery exports rose 12.52% year-on-year to Rs 21,945.87 crore in August 2026, led by a sharp surge in studded gold jewellery exports amid strong demand from the US, UAE, Hong Kong, UK and France.
PM Modi and Xi Jinping are expected to discuss India-China trade and investment issues, with focus on India’s $112.16 billion trade deficit with China in 2025-26.
PM Narendra Modi and UAE Crown Prince Sheikh Khaled discussed strengthening India-UAE ties, expanding cooperation in emerging sectors and boosting investments during the BRICS Summit.
India’s forex reserves jumped $44.9 billion in a week to a record $785.7 billion after a massive response to the RBI’s special forex swap facility, while the resulting liquidity surge has prompted the central bank to step up absorption measures.
Gold prices declined nearly 2 per cent this week amid rising crude oil prices, higher inflation expectations and growing bets on a US Federal Reserve rate hike.
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