01
Context / Background
BRICS originated from a 2001 Goldman Sachs paper and was formalised in 2006. The first summit was in Yekaterinburg (2009). South Africa joined in 2010, and in 2024-25 the group expanded to include Egypt, Ethiopia, Iran, UAE, Indonesia (full members) and 10 partner countries. India has chaired the group four times (2012, 2016, 2021, 2026). The 2021 summit was virtual due to COVID-19.
02
Key Takeaways from 2026 Summit
The New Delhi Declaration (45 pages, 140 paragraphs) covered trade, health, tourism, and initiatives such as the Seafarers' Emergency Support Network (India provides 12% of global seafarers), BRICS AGRIN for agriculture, NIMHANS as mental health nodal body, RSSC satellite constellation agreement, BRICS Payment Task Force for cross-border payments, and condemnation of the Pahalgam terror attack (22 April 2025, 26 killed).
03
Differences from India's 2021 Presidency
In 2021, BRICS had only 5 members; now 10 full members plus partners. The 2021 virtual summit focused on pandemic health challenges, while 2026 emphasised science & technology, agroecology, fintech, and economic cooperation. India's intra-BRICS trade doubled from $203 bn (2020-21) to $417 bn (2025-26).
04
Challenges Facing BRICS
Despite economic weight, intra-BRICS trade is only ~5% of global trade and 20% of South-South trade. The grouping lacks a comprehensive trade agreement, relying on soft, non-binding commitments. Geopolitical tensions among members (India-China border, Russia-Ukraine) and diverse political systems make consensus difficult. Connectivity projects (BRI, INSTC, IMEC) need better synergy.
05
Strategic Significance for India
India's presidency highlighted its role as a leader of the Global South, balancing relations with China and Russia while engaging the West. Initiatives like the Seafarers' Network, BRICS Risk Lab at GIFT City, and support for UNSC reform bolster India's diplomatic influence. The summit also saw bilateral meetings with Xi Jinping and Putin, signalling continued engagement.