India pushes to transform BRICS from talking shop to economic, tech powerhouse
Cooperation areas
Source: Lokmat Times | Original Published At: 2026-09-17 11:13:51 UTC
Key Points
- India is working to transform BRICS from a geopolitical dialogue platform into an economic and technological cooperation platform.
- At the 18th BRICS summit in New Delhi, Prime Minister Narendra Modi emphasized resilient supply chains, startups, critical technologies, green energy, and global governance reform.
- Modi called for the Global South to move from being a rule-taker to a rule-shaper and for greater representation of emerging and developing economies in global institutions.
- The New Delhi Declaration welcomed a BRICS Incubator Network, further consideration of a BRICS Startup Innovation Fund, and cooperation through the BRICS Startup Knowledge Hub and Startup Forum.
- India views future economic power as increasingly linked to artificial intelligence, fintech, biotechnology, energy storage, advanced manufacturing, space technologies, cybersecurity, and digital infrastructure.
- Connecting startup ecosystems across BRICS and other emerging economies could create a large technology marketplace and position Indian companies within new channels.