India has made a significant announcement concerning the de-dollarization drives that the nation has lately been a part of. Being an active member of the BRICS alliance, India has been embroiled in driving certain de-dollarization ordeals, which the nation has strongly dismissed.

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India Clarifies Her Stance, Says Not Involved in De-Dollarization Calls

The Trump administration is adopting a strict stance when it comes to putting a stop to the rising de-dollarization calls. The president-elect, Donald Trump, has earlier issued a statement, intending to impose a 100% tariff on BRICS nations that are busy working on an alternative currency challenging the US dollar.

The aforementioned warning has had a ripple effect, compelling associated nations to issue multiple statements in response to it. In this wake, India has come forward to clarify her stance first, adding how the nation is not a part of any de-dollarization drive that it often is accused of being a part of.

The nation’s minister of external affairs, Dr. S Jaishankar, while attending the 22nd edition of the Doha Forum, made interesting remarks while addressing de-dollarization. Jaishankar stated that India has never been a part of the de-dollarization narrative and that the nation is not involved in efforts to promote the weakening of the US currency.

“India has never been for de-dollarization … The US is our largest trade partner. And we have no interest in weakening the US dollar at all.” Dr. S. Jaishankar said at the Doha Forum.

Moreover, Jaishankar further talked about the BRICS currency, clarifying that there has been no proposal promoting the creation of a BRICS currency.

“Right now there is no proposal to have a BRICS currency; BRICS does discuss financial transactions.”

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The Nation Calls US It’s Solid Ally

Speaking about the India-US relationship at length, Jaishankar reiterated how the nation has shared a rather solid relationship with the Trump administration.

“We had a strong and solid relationship with the first Trump administration,” he recalled. “Yes, there were some issues. Mostly trade-related, but there were a whole lot of issues on which President Trump was actually forward-leaning.”

India’s minister of external affairs later shared how Trump and Modi share an amicable bond and have no divisive issues when it comes to addressing the political domain.

“I would say from our perspective there is a certain personal relationship between Prime Minister Modi and President Trump. In terms of politics, we really don’t have divisive issues.”

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