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Beyond bloc politics: India’s BRICS bet on multipolarity

Beyond bloc politics: India’s BRICS bet on multipolarity
Countries
BrazilIndia
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentPeople-to-People ExchangeSustainable Development

Source: The Economic Times | Original Published At: 2026-09-12 17:25:17 UTC

Key Points

  • At the 18th BRICS Summit, India's chairmanship emphasizes practical cooperation and a people-centric approach rather than rigid bloc politics.
  • The article identifies development, technology, health, food and energy security, counter-terrorism, and global governance reform as key areas for BRICS cooperation.
  • BRICS mechanisms discussed include digital agriculture networks, a startup incubator network, an MSME cooperation portal, and climate-resilient infrastructure principles.
  • Proposed initiatives include a BRICS Startup Innovation Fund, a climate-resilience window or guarantee facility within the New Development Bank, and the BRICS Multilateral Guarantees pilot.
  • As of June 2026, India was the second-largest recipient of New Development Bank financing, with 35 approved projects worth $10.5 billion and about $6 billion disbursed.
  • The article argues that BRICS legitimacy will depend on measurable outcomes for citizens, such as startup pilots, MSME participation, farmer access, and completed climate and infrastructure projects.
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