BRICS Finance Meet in Jaipur: Sitharaman, central bank chiefs to deliberate on global economy
Synopsis
With India holding the BRICS presidency, Jaipur is hosting the bloc's finance ministers and central bank chiefs for the second time — the first was during Covid in 2021. Eleven nations are now at the table to shape economic cooperation frameworks, with FM Sitharaman and RBI Governor Malhotra leading India's charge at a moment of significant global financial uncertainty.
Key Takeaways
Finance Minister Nirmala Sitharaman and RBI Governor Sanjay Malhotra are in Jaipur for the two-day BRICS finance ministers and central bank governors' meeting .
The meeting, held under India's BRICS presidency , began at 11:15 am on 13 August at Hotel Rambagh and concludes at 12:30 pm on 14 August .
All 11 BRICS member nations are represented; key agenda items include economic growth , financial liberalisation , and risk management .
This is the second time Jaipur has hosted the meeting — the first was in 2021 during the Covid-19 pandemic.
The annual BRICS finance gathering was established 18 years ago during the global financial crisis.
Delegates will attend a cultural programme at City Palace, Jaipur at 5 pm on Wednesday.
Union Finance Minister Nirmala Sitharaman arrived in Jaipur on Tuesday night to chair the two-day meeting of BRICS finance ministers and central bank governors, convened under India's BRICS presidency. The high-level gathering, bringing together top economic officials from all 11 BRICS member nations, began at 11:15 am on Wednesday, 13 August at Hotel Rambagh in the Rajasthan capital.
Key Agenda and Inaugural Session
Reserve Bank of India (RBI) Governor Sanjay Malhotra also reached Jaipur late Tuesday night ahead of the deliberations. Both Sitharaman and Malhotra are scheduled to address the inaugural session, which will centre on financial and central banking priorities critical to BRICS economies.
The two-day agenda encompasses discussions on economic growth, financial liberalisation, and risk management. The meeting is scheduled to conclude at 12:30 pm on Thursday, 14 August.
Senior Officials and State Reception
Sitharaman was received in Jaipur by Rajasthan Deputy Chief Minister Diya Kumari and Chief Secretary V. Srinivas. Bharatiya Janata Party (BJP) state president Madan Rathore was also present at the welcome. The state government has organised a special cultural programme at City Palace, Jaipur, at 5 pm, showcasing Rajasthan's heritage for the visiting delegates.
Jaipur's Role and Historical Context
This is the second time Jaipur has hosted the annual BRICS finance ministers' meeting — the first occasion being in 2021, during the Covid-19 pandemic. That edition focused on economic recovery, vaccination policy, digital health, social infrastructure, and financial inclusion. Delegates also deliberated on the implications of the European Union's Carbon Border Adjustment Mechanism at the time.
The annual gathering was established 18 years ago against the backdrop of the global financial crisis and has since evolved into a key multilateral platform for addressing global economic and financial challenges.
What the Current Meeting Signals
With India holding the BRICS presidency, the Jaipur meeting carries additional diplomatic weight. Participating nations are expected to push for stronger economic cooperation frameworks and address emerging risks facing the global economy — from geopolitical supply chain disruptions to currency volatility in emerging markets. The outcome of the discussions is likely to inform India's broader BRICS agenda for the remainder of its presidency.
Point of View
The agenda items — growth, liberalisation, risk — are deliberately broad, which is both a strength and a weakness. The 2021 Jaipur meeting produced deliberations on the EU's Carbon Border Adjustment Mechanism before it became a mainstream concern; whether this edition surfaces similarly forward-looking signals will be the real measure of its value. India's BRICS presidency gives New Delhi a rare chance to set the multilateral economic narrative — but only if the outcomes move beyond communiqué language into actionable frameworks.
NationPress
12 Aug 2026
Frequently Asked Questions
What is the BRICS finance ministers' meeting in Jaipur about?
The two-day meeting brings together finance ministers and central bank governors from all 11 BRICS member nations to deliberate on economic growth, financial liberalisation, and risk management. It is being held under India's BRICS presidency at Hotel Rambagh, Jaipur, from 13 to 14 August.
Who is representing India at the BRICS finance meeting?
India is represented by Finance Minister Nirmala Sitharaman and RBI Governor Sanjay Malhotra, both of whom are scheduled to address the inaugural session. Sitharaman was received in Jaipur by Rajasthan Deputy Chief Minister Diya Kumari and Chief Secretary V. Srinivas.
Is this the first time Jaipur has hosted the BRICS finance ministers' meet?
No, this is the second time. Jaipur previously hosted the meeting in 2021 during the Covid-19 pandemic, when discussions focused on economic recovery, vaccination policy, and financial inclusion. The annual gathering itself was established 18 years ago during the global financial crisis.
How many countries are participating in the Jaipur BRICS meeting?
All 11 BRICS member nations are participating, reflecting the bloc's expansion beyond its original five founding members — Brazil, Russia, India, China, and South Africa.
When does the BRICS finance ministers' meeting in Jaipur conclude?
The meeting is scheduled to conclude at 12:30 pm on Thursday, 14 August. Delegates are also attending a cultural programme at City Palace, Jaipur, at 5 pm on Wednesday.
