India's External Affairs Minister S. Jaishankar, has highlighted India’s “large and growing market, expanding manufacturing capabilities, and digital
India's External Affairs Minister S. Jaishankar, has highlighted India’s “large and growing market, expanding manufacturing capabilities, and digital expertise”, as key contributions to the next phase of BRICS cooperation.
Discussions, which also focused on services trade, agri-tech for food security, MSMEs, women-led businesses, and supply chain resilience, has emphasised that 21st century economies will improve better, when there is appropriate trade collaborations.
Russia’s Economic Development Minister, Maxim Reshetnikov, said the grouping, which now represents about 30% of the global economy and 40% of global GDP, must take “concrete steps” on green and digital transitions.
India's Prime Minister Narendra Modi, addressed the forum ahead of the 18th BRICS Summit, noting the bloc’s GDP has grown 4.5 times since 2006, nearly double the world rate. India’s 2026 presidency theme is “Building for Resilience, Innovation, Cooperation and Sustainability”.
The forum’s recommendations, feeds into the leaders’ summit declaration on trade, investment, digital economy and value-chain integration.
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