Indian businesses remain cautious about BRICS' shared currency plans, citing risks to global trade ties, reliance on the US dollar, and concerns over China's influence within the bloc. The formal business community in India questions the practicality and risks of deeper engagement with an organization that could disrupt current global economic systems. Indian businesses are hesitant to reduce reliance on the US dollar or adopt a shared BRICS currency due to logistical challenges and potential disruption to established trade relationships. The dominant influence of China within BRICS and concerns about unequal resource allocation and Chinese hegemony also contribute to Indian businesses' skepticism.