Why the BRICS declaration is hanging in the balance

As the BRICS Summit in New Delhi enters its crucial final stages, the question of whether the leaders will finalize a joint declaration remains ambiguous, despite intense negotiations. The United States and Western powers are reportedly feeling uneasy due to Iran's hardline stance and the UAE's resistance, creating a tense atmosphere among the summit participants.

India, as the chair of the BRICS group, is striving to showcase the organization's potential as a linchpin for global economic growth, all while keeping the concerns of the United States and other Western nations in mind, particularly in the trade and energy sectors. India's BRICS chairmanship emphasizes resilience, innovation, cooperation, and sustainability, with a focus on addressing food, energy, and supply chain security to safeguard developing nations from the fallout of global conflicts.

The summit's agenda will be centered around enhancing cooperation in areas like trade, investment, connectivity, and high technology. With over 350 high-level meetings held across India this year to bolster the BRICS partnership, leaders will gather for two days of discussions, culminating in the release of the New Delhi Declaration, a key outcome of the summit.

The event is poised to highlight the group's commitment to inclusive global governance and shaping a future of shared growth and prosperity.