**No country is expected to exit BRICS in 2026, as reflected in the 90.8% trader consensus on “No.”** Recent developments include the September 2026 New Delhi summit, where the 11-member group adopted a unanimous New Delhi Declaration on trade, payments, value chains, and multilateral issues despite internal tensions such as those involving Iran, the UAE, and India-China relations. Speculation has focused on Brazil, where opposition candidate Flávio Bolsonaro has discussed reassessing membership on ideological grounds, yet analysts emphasize that economic ties—particularly substantial exports to China—favor continued participation or reduced engagement rather than formal withdrawal. Argentina declined an earlier invitation without ever joining as a full member. Meanwhile, new applicants like Ghana signal ongoing interest in accession, and no verified exits or binding withdrawal announcements have occurred. With the year nearly concluded and structural economic incentives outweighing political rhetoric, the market pricing aligns with limited near-term departure risk.