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PM Modi Highlights BRICS Growth, Trade Cooperation, and Global Governance Reforms
At the 18th BRICS Business Forum and Summit in New Delhi, Prime Minister Narendra Modi highlighted the bloc's growing economic influence, noting BRICS nations represent half the world's population, 40% of global GDP, and over 25% of trade. Modi emphasized India's role in building economic bridges amid rising global trade barriers, advocating for secure sea lanes and seafarer safety. He called for removing top trade barriers, supporting startups, fostering partnerships, and reforming global governance to enhance the Global South's voice in decision-making.
Putin Highlights BRICS' Growing Economic Role, Proposes New Investment Platform at Summit
At the BRICS Business Forum 2026 in New Delhi, Russian President Vladimir Putin highlighted the growing economic influence of BRICS countries, noting they accounted for over 40% of global GDP and more than half of recent global economic growth, surpassing the G7's 29% GDP share. Putin described this shift as a natural transition from traditional economic powers to emerging markets. He criticized Western sanctions on Russia, citing over 30,000 imposed restrictions, and proposed a new investment platform under the New Development Bank to boost intra-BRICS trade and technology cooperation. Both Putin and other BRICS leaders emphasized strengthening partnerships and economic resilience amid global challenges.
PM Modi Holds Bilateral Talks with BRICS Leaders on Defence, Trade, and Strategic Cooperation
Prime Minister Narendra Modi held bilateral meetings with leaders from Ethiopia, Malaysia, Vietnam, the UAE, and Brazil on the sidelines of the 18th BRICS Summit in New Delhi. Discussions focused on strengthening strategic partnerships through enhanced defence cooperation, trade, investment, technology, and capacity building. Ethiopia invited Indian mining companies, while Malaysia emphasized semiconductor collaboration. The summit, hosted by India under the theme of resilience and sustainability, also featured calls for reforming multilateral institutions and advancing the Global South's interests.



