What key issues of the BRICS Summit to be held in New Delhi in September? | Explained
The theme of ‘Building for Resilience, Innovation, Cooperation and Sustainability’ envisages using the collective strength of the member countries to respond to global challenges
The 18th BRICS Summit, set to take place in New Delhi from September 12 to 13, is a highly anticipated multilateral event that brings together the leaders of Brazil, Russia, India, China, and South Africa. As India assumes the role of Chair for the year, the discussions during the summit will focus on several key issues and shared priorities.
One of the primary areas of discussion will be the BRICS countries' commitment to inclusive growth, shared responsibility, and practical cooperation. This includes exploring opportunities for diversified markets, supply chain strengthening, climate-resilient infrastructure, and clean energy. Discussions on sustainable growth and partnerships in agriculture, innovation, and health will also be on the agenda.
The BRICS grouping has grown to include 11 full member countries and partner nations, representing at least 50% of the world's population. As it has expanded over the years, the grouping's political and economic influence has grown, particularly in addressing Global South concerns. The summit provides an opportunity for BRICS members to voice their perspectives and collaborate on global challenges.
Given the geopolitical tensions and conflicts currently affecting the world, such as the ongoing wars in Iran and Ukraine, the summit will also address the ripple effects of these disruptions on the global economy and attempt to find solutions to mitigate their impact. India, as the Chair, will need to navigate the diverse interests and priorities of its fellow members, while also considering its own foreign policy considerations in groups like the Quad and G20.
The summit aims to reinforce BRICS's role as a powerful platform for the Global South, and a joint declaration on global governance, economic cooperation, development, and security is expected. However, the U.S., which has placed economic sanctions on Iran and Russia, may view discussions on the greater use of national currencies in trade unfavorably. Despite these challenges, the BRICS Summit serves as a crucial forum for the Global South to strengthen its collective voice and influence in global affairs.
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