‘When Trade Barriers Are Rising Globally, India Is Building an Economic Bridge’, PM Modi Says at BRICS Business Forum

Source: Jansatta | Original Published At: 2026-09-11 13:53:18 UTC

Key Points

• The BRICS Business Forum opened in India, with leaders including Russian President Vladimir Putin and Iranian President Masoud Pezeshkian attending the leaders’ session.
• Prime Minister Modi said BRICS is marking 20 years since its founding in 2006 and has expanded from four countries to 21 members and partner countries.
• He said BRICS countries represent about 50% of the global population, 40% of global GDP, and more than 25% of global trade.
• Modi said India’s BRICS presidency theme is ‘Building for Resilience, Innovation, Cooperation and Sustainability’.
• He highlighted India’s efforts in supply-chain resilience, infrastructure, semiconductors, quantum technology, critical minerals, biotechnology, and the Unified Payments Interface.
• Modi said India has signed free trade agreements with around 40 countries since 2014 and is positioning itself as an economic bridge amid rising global trade barriers.
• He called on the BRICS Business Council to prepare a report on the top 10 trade barriers among BRICS countries and to help expand BRICS startups, partnerships, and women-led businesses.