BRICS has emerged as a significant platform for coordinating economic policy among major emerging economies and for articulating common positions on issues of global governance. Through sustained dialogue and cooperation, the grouping has evolved into an important mechanism for advancing the interests and perspectives of the Global South within multilateral institutions. Its agenda encompasses development, finance, technology, trade and people-to-people exchanges, reflecting the broadening scope of cooperation among its members.
The grouping represents the growing economic weight, strategic interests and aspirations of emerging economies in the global system. It provides member countries with a platform to exchange experiences, strengthen cooperation and address shared challenges, while contributing to discussions on the evolving architecture of global governance.
Under its 2026 Presidency, India is set to host the 18th BRICS Summit in New Delhi on 12–13 September 2026. The Summit will mark India’s fourth Chairship of BRICS. India’s Chairship is guided by the theme “Building for Resilience, Innovation, Cooperation and Sustainability.”
The theme reflects India’s emphasis on consolidating existing achievements, strengthening institutional effectiveness and advancing practical cooperation. It places development, sustainability and innovation at the centre of the BRICS agenda, while highlighting the aspirations and priorities of the Global South. Through its Chairship, India seeks to further reinforce BRICS as a constructive, solutions-oriented and effective platform for international cooperation.
Today, BRICS comprises 11 countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and the UAE. Collectively, these members represent 49.5% of the global population, 40% of global GDP and 26% of global trade.
These figures underscore the substantial demographic and economic weight of the grouping and its growing significance in the international system. The expansion of BRICS has also considerably widened its geographical reach across Asia, Africa, the Middle East and Latin America. This diversity brings together major markets, natural resources, technological capabilities and varied development experiences, creating a broader foundation for cooperation and collective action on issues of global importance.
The Origin
The acronym ‘BRIC’ was coined by Goldman Sachs in 2001 in its Global Economics Paper, ‘The World Needs Better Economic BRICs.’ Drawing on econometric analysis, the paper projected that Brazil, Russia, India and China would emerge among the world’s largest economies over the following five decades. Their growing economic weight, combined with their extensive geographic presence across three continents, underscored their emerging significance in the global economy.
The BRIC concept subsequently evolved into a formal grouping, with South Africa joining in 2010 and transforming BRIC into BRICS. This evolution marked a transition from an economic grouping identified by analysts to a formal platform for political, economic and development cooperation.
The Aim, Objective and Areas of Cooperation
BRICS was initially conceived as a forum for dialogue on major issues shaping the international agenda. Its early focus was on developing common positions on global political and economic matters, with the objective of promoting a more democratic, legitimate and balanced international order. The grouping also emphasised sustainable economic and social development, social inclusion and shared prosperity among emerging economies. Over time, these priorities have provided the foundation for deeper and broader engagement among its members.
Across successive summits, BRICS cooperation has progressively expanded to encompass strategic global issues as well as areas of practical collaboration. Its agenda covers terrorism, climate change, food and energy security, trade and agriculture, while also addressing labour and employment, telecommunications, international finance and the global economic situation. BRICS advocates greater representation and equity in international institutions, including the WTO and the global financial architecture. These efforts are aimed at making global governance more inclusive, effective and responsive to contemporary challenges.
The 2008 global financial crisis marked a defining moment in the evolution of BRICS. It exposed gaps in the existing global financial architecture and underscored the need for broader consensus on global economic governance. The four BRIC countries articulated a common position on these issues, calling for a more representative international financial system and a greater voice for emerging economies in the International Monetary Fund (IMF) and the World Bank. They also opposed protectionism and supported an open, rules-based multilateral trading system. This coordination laid the foundation for the first BRIC Summit in Yekaterinburg, Russia, in 2009.
BRIC was formally established in 2006 as a political cooperation forum among Brazil, Russia, India and China. Its founding members shared an aspiration for a more representative and equitable global order. South Africa joined as a full member in 2011, transforming BRIC into BRICS. This inclusion expanded the grouping’s geographical representation across continents. Subsequently, the grouping broadened its agenda beyond economic issues to encompass development, finance, health, climate action, technology and trade. This evolution strengthened BRICS as a wider framework for engagement among emerging economies.
A Wider BRICS: Expanding Reach, Deepening Engagement
A major phase of expansion began in January 2024. Egypt, Ethiopia, Iran, Saudi Arabia and the UAE became full members. Indonesia joined as the eleventh full member in January 2025. These accessions significantly expanded BRICS’ geographical and economic reach. The expansion was accompanied by the creation of a Partner Country category. Ten countries joined this framework during 2025: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam. The new arrangement provides an additional channel for structured engagement with BRICS.
The Partner Country framework broadens BRICS’ outreach without altering its full-membership structure. It strengthens opportunities for South-South cooperation across Asia, Africa, Latin America and Eurasia. The wider network also creates scope for collaboration on trade, finance, climate action and sustainable development. It reflects growing interest among emerging economies in participating in discussions on global governance.
The evolution of BRICS demonstrates a shift from a four-country economic dialogue to a broader framework for political, economic, financial and social cooperation. Its expansion has increased its demographic and economic weight. It has also broadened its regional representation and areas of engagement. The grouping’s institutional evolution has kept pace with the changing priorities of emerging economies.
BRICS Presidency: Rotation and Responsibilities
The BRICS Presidency rotates annually according to the letters of its acronym. Each Presidency term begins on January 1st and concludes on December 31st of the respective year. The country holding the Presidency sets the priorities of the agenda for that year. It also organizes the group’s annual Summit and steers key ministerial and working group meetings. With the recent expansion of BRICS membership, a new rotation formula for the Presidency is also being discussed among member countries.
India at the Helm of BRICS: From Continuity to Consensus
Before this year, India has previously chaired BRICS in 2012, 2016 and 2021. Each Chairship reflected the priorities and challenges of its respective period. India’s repeated leadership demonstrates its sustained engagement with the grouping. It also reflects India’s commitment to constructive multilateralism and the priorities of developing economies.
2012: Laying the Foundation for Stronger Cooperation
India hosted the Fourth BRICS Summit in New Delhi on 29 March 2012. The Summit was held under the theme “BRICS Partnership for Global Stability, Security and Prosperity.” Discussions focused on global governance reform, sustainable development, food security and energy security. The Summit adopted the Delhi Declaration and an Action Plan for strengthening BRICS cooperation. The outcomes established a stronger foundation for institutional and sectoral engagement.
2016: Goa Summit Expanded BRICS Outreach
India hosted the Eighth BRICS Summit in Goa in October 2016. The Summit was held under the theme “Building Responsive, Inclusive and Collective Solutions.” India’s Chairship focused on strengthening intra-BRICS cooperation and expanding outreach.
2021: Consolidating Cooperation in a Changing World
India hosted the 13th BRICS Summit virtually on 9 September 2021. The Summit marked the 15th anniversary of BRICS. It was held under the theme “BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus.” India focused on strengthening institutional continuity, deepening cooperation and building greater consensus.
BRICS 2026: Key Outcomes Emerging from Ministerial Meetings
India assumed its fourth BRICS Chairship on 1 January 2026. During its Chairship, India convened a series of ministerial meetings across priority areas of BRICS cooperation. Over the year, BRICS members countries exchanged views on shared priorities and global and regional developments. These discussions advanced cooperation across the grouping’s three fundamental pillars. The pillars comprise political and security cooperation, economic and financial cooperation, and cultural and people-to-people exchanges.
More than 350 meetings and high-level engagements were held across 25 cities during India’s Chairship. The meetings generated practical and development-oriented outcomes across key areas of cooperation. The following outcomes emerged from ministerial meetings held during India’s 2026 BRICS Chairship.
BRICS Centres of Excellence on Agro-Ecology agreed upon as a collaborative platform for joint research, knowledge sharing and capacity building on natural, organic and regenerative farming practices to promote climate-resilient and sustainable agricultural systems (initially coordinated by ICAR-Indian Institute of Farming Systems Research, Modipuram).
BRICS Network on Digital Agriculture to deepen cooperation and scale the deployment of AI driven decision support systems, geospatial intelligence, IoT enabled monitoring, and advanced data analytics in agriculture (initially coordinated by IIT Delhi).
BRICS AGRIN (Agro-Inputs, Genetic Resources and Information Network) agreed upon as a voluntary, farmer-centric cooperation framework among BRICS countries to strengthen collaboration in seeds, germplasm, and agricultural inputs.
BRICS Mission for Healthy Lifestyle: The priority was launched along with the BRICS Roadmap for a Joint Initiative on Healthy Lifestyle Promotion (2026-2029). It aims to serve as a collaborative platform for technical cooperation, knowledge exchange and coordinated awareness initiatives, promoting preventive and life-course approaches to obesity and other non-communicable diseases.
BRICS Expert Working Group on Traditional, Complementary and Integrative Medicine (TCIM): It aims to serve as a platform for structured and consensus-based cooperation on TCIM, covering policy dialogue, research and evidence generation, capacity building and academic exchange, digital knowledge platforms, quality and regulatory standards, and the protection of traditional and indigenous knowledge.
Focus on Mental Health through BRICS Training Hub Network and BRICS Network of Centres of Excellence, with NIMHANS India as the coordinating Centre. It aims to optimize human resources for mental health through upskilling, task-sharing and standardized training, and to integrate mental well-being into primary healthcare.
Mainstreaming Traditional Knowledge through adoption of BRICS Principles for Advancing Climate Resilience through People-centric and Community-based Adaptation and BRICS Guiding Principles on Strengthening Academic Collaboration on Traditional and Indigenous Knowledge Systems.
Advancing Sustainable Lifestyles through Network of BRICS Institutions to Advance Knowledge Sharing, Research & Innovation and Sustainable Lifestyles Week for exchange of knowledge on policies, programmes, initiatives and leading practices; conduct capacity-building workshops on thematic areas; facilitate dialogue among stakeholders including academic and research institutions; and compilation of case studies.
BRICS CONNECT for Skilling: A BRICS Cooperation Network for Capacity Building, Employability, and New Skills and Technologies (BRICS CONNECT), building on the BRICS Virtual Liaison Office. It is a flexible platform with four components, namely capacity building for advancing social security, women’s participation in the workforce, skills and employability, and digital public infrastructure. Cooperation under it is voluntary and non-binding.
Smart Grids and Energy Storage: The BRICS Guiding Principles on Energy Storage and Smart Grids were adopted and the BRICS Digital Centre of Excellence for Smart Grids and Energy Storage was launched to serve as a voluntary platform for knowledge sharing, capacity building, the exchange of policy and regulatory best practices, and promotion of pilot initiatives among BRICS countries.
BRICS MSME Cooperation Portal, to serve as a digital ecosystem accessible to all BRICS member countries, supporting MSMEs, technology centers and clusters, trade associations, financial institutions, training and capacity-building institutions, policymakers, and other relevant stakeholders, along with an institutionalized Dialogue on MSME Finance and Workplan on the Internationalisation of MSMEs were key outcomes to leverage BRICS for enhancing MSMEs’ access to markets and finance.
BRICS Incubator Network, a digital interface/network to connect National Nodal Agencies, selected incubators and start-ups across BRICS countries, facilitate registration and linkages with participating incubators, and enable referral of qualified start-ups to incubators in other BRICS countries.
BRICS Startup Innovation Fund to catalyse financing for early and growth stage startups and foster innovation driven entrepreneurship in BRICS countries.
BRICS Science and Research Repository welcomed as a structured platform for scientific knowledge storage and sharing among BRICS countries.
BRICS Logistics Supply-Chain Cooperation Framework: A voluntary, consensus-based framework to strengthen cross-sector transport logistics resilience and sustainability. It aims to address fragmented supply chains and weak connectivity by promoting technical exchange, knowledge sharing on cargo and shipping services, localized assembly and manufacturing ecosystems, and capacity building, while advancing environmentally sustainable and climate-resilient logistics practices.
BRICS Cooperation on Global Value Chains through GVC Action Plan 2026-2030, including a Technical Council and GVC Joint Study for enhanced BRICS cooperation to ensure that GVCs are resilient, efficient and productive; and to advance the opening of markets and economic diversification among BRICS Members.
BRICS Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters: Members confirmed their in-principle approval and willingness to sign the Agreement to support faster trade, lower transaction costs, more secure borders, trusted trade facilitation, improved ease of doing business, and tackling illicit trade.
BRICS Youth Cooperation Framework 2026 adopted as a reference document to support continuity, coherence and structured cooperation to guide future dialogue, experience sharing and the consideration of practical initiatives under the BRICS Youth Track.
The ministerial meeting outcomes under India’s 2026 BRICS Chairship reflect a continued focus on practical cooperation, inclusive growth and a stronger voice for the Global South.
2026: Steering BRICS towards a more inclusive future
India’s 2026 BRICS Chairship comes at a time of profound global transformation, marked by economic fragmentation, rapid technological disruption and growing geopolitical uncertainty. Climate change and increasing resource pressures are further compounding these challenges. Their interconnected nature underscores the need for cooperation that is inclusive, practical and responsive to the diverse circumstances of member countries.
BRICS provides an important platform to address these challenges through sustained dialogue, coordination and collective action. Its expanded membership brings together diverse perspectives and experiences from major emerging economies, creating greater scope for cooperation in areas such as development, climate action, technology, energy and financial resilience. The grouping can also play a constructive role in advancing discussions on reforms in global institutions and strengthening the representation of emerging economies.
For India, the objective of its Chairship goes beyond expanding the grouping’s scale and reach. It is focused on translating greater representation into meaningful cooperation and tangible outcomes. India seeks to build consensus among diverse members, strengthen the effectiveness of existing BRICS mechanisms and deepen practical cooperation. Through these efforts, the Chairship aims to reinforce BRICS as a constructive force in shaping a more inclusive, balanced and responsive global order.
-with PIB inputs
