Summary
They want to link their digital payment tools so money moves quickly.
Using each other's local money could lower costs for buying food and parts.
Key Points
4 points1
The meeting focused on linking payment systems and trading in local currencies.
2
Simpler rules are proposed to speed up the movement of raw materials and critical minerals.
3
There is a push to support women‑led startups and agricultural technology.
4
India highlighted its strengths in engineering, electronics, and medicines.
New Words to Learn
7 wordsGroup of Major Emerging Economies
A partnership of large, quickly growing countries such as India, Brazil, Russia, China and South Africa.
digital payment tools
Online ways to send money, like a phone app.
local currency
Each country's own money, like rupees or yuan.
raw materials
Basic natural items used to create products.
critical minerals
Important rocks needed for modern technology.
startup
A newly created business trying to grow fast.
agri‑tech
New technology that helps farmers grow food better.
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