New Delhi, September 13 (Daily Kiran) : The 18th BRICS summit, held in New Delhi, has positioned itself as a vital platform for cooperation among Global South nations. On the second day of the summit, discussions centered around trade, investment, strategic partnerships, and the concept of a multipolar world. Experts and industry representatives emphasized BRICS’s growing significance in fostering collaboration among developing economies.
Lakshmi Narayanan, chairman of SWFI and lead co-chair of iBRICS 2026, noted that the tariff-related challenges facing many economies are not solely due to BRICS countries. Instead, he pointed out that these issues stem from broader global trade conditions, significantly influenced by U.S. policies.
According to Narayanan, BRICS nations have agreed to tackle these challenges through collective cooperation and economic coordination. He outlined three key outcomes from the summit: efforts to enhance bilateral and multilateral trade, positive progress in resolving border issues between India and China, and an agreement to boost bilateral trade between India and Russia to $100 billion.
These initiatives, he argued, could strengthen economic and strategic cooperation among BRICS countries. He highlighted the role of iBRICS as a platform focused on transforming discussions into investments, projects, and business opportunities.
Defense expert Ranjit Rai described the Delhi Declaration adopted at the summit as a significant document for global security and international collaboration. He emphasized that the event offered world leaders a chance to better understand India, underscoring the need for collective action on issues such as climate change, security, and economic development.
Rai stated, “The core objective of BRICS is to reinforce a multipolar world order, ensuring that global decision-making processes are not confined to a few nations.”
Rajshekhar Joshi, former vice-chairman of the Setu Commission, noted that BRICS has emerged as one of the most influential examples of cooperation among Global South nations. He highlighted that the group represents over half of the world’s population and nearly 40 percent of global GDP.
Industry representatives praised India’s hosting of the summit. Paras Jain, CEO of Indo Wings Private Limited, remarked that the efficient management of the event has enhanced India’s global image. Similarly, Nick Booker from Indogenous noted that the participation of leading global figures reflects India’s growing importance in international diplomacy and economic collaboration.
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