BRICS Can Help Build Cooperation Amid Global Fragmentation: Juliano Assunção

Source: Devdiscourse | Original Published At: 2026-10-04 15:28:34 UTC

Key Points

• Speaking at the Kautilya Economic Conclave, Juliano Assunção said BRICS can provide a platform for countries to deepen economic cooperation and find common solutions amid geopolitical, climate and economic risks.
• He described BRICS as an example of countries coming together to address shared problems and said such platforms are important for dialogue, collaboration and inclusive growth.
• He noted global fiscal stress following the COVID-19 pandemic and said governments must balance fiscal responsibility with public support and focus on public expenditure.
• He called the shift in US trade policy and tariffs very unfortunate, saying the global economy has much to gain from greater collaboration and trade.
• He said rising US bond yields reflect increasing global risks and add pressure on emerging markets such as India, Brazil and Indonesia.
• He praised India's ability to sustain growth through policy measures and highlighted Brazil's flex-fuel experience while noting India's opportunity to use abundant solar resources.