PM Modi: BRICS now represents 40% of global GDP

Source: Times of India | Original Published At: 2026-09-11 21:59:00 UTC

Key Points

• PM Modi said BRICS represents 50% of the global population, 40% of global GDP, and 25% of global trade.
• He stated that BRICS' collective economic strength has grown at nearly double the global pace since the bloc was formed in 2006.
• Modi called on member countries to reduce barriers to trade and increase opportunities for businesses.
• He emphasized the importance of secure sea lanes, open supply routes, and safety of seafarers amid disruptions in the Strait of Hormuz and Bab al-Mandab Strait.
• Modi asked the BRICS Business Council to identify the top 10 trade barriers to be removed.
• He proposed supporting 100 BRICS startups annually to scale in other BRICS markets and developing 1,000 new business partnerships.
• India's BRICS presidency theme is 'Building for Resilience, Innovation, Co-operation and Sustainability'.