India’s 2026 chairmanship of BRICS, including its hosting of the recent foreign ministers’ meeting in New Delhi, has reinforced trader expectations that no full member will depart this year. The bloc continues to pursue further expansion of the New Development Bank and additional participants, even amid reported divisions over regional conflicts. No government has issued withdrawal signals, and historical patterns show full exits from the grouping have never occurred. External pressures such as U.S. tariff policies have likewise failed to trigger departures, as members emphasize economic coordination and multilateral reform. While late-year events could still alter dynamics, the current consensus reflects ongoing institutional stability and growth momentum.