Tharoor: Hosting BRICS a Matter of Great Prestige
Indian Congress MP Shashi Tharoor said hosting BRICS is a matter of great prestige, after comments that recent BRICS summits had not delivered tangible benefits.
Indian Congress MP Shashi Tharoor said hosting BRICS is a matter of great prestige, after comments that recent BRICS summits had not delivered tangible benefits.
Iranian Foreign Minister Seyyed Abbas Araghchi praised India’s BRICS chairship ahead of the 18th BRICS Summit in New Delhi and discussed intra-BRICS financial cooperation.
At the BRICS Business Forum in New Delhi, President Cyril Ramaphosa urged BRICS members to direct investment toward local manufacturing, mineral beneficiation, and productive capacity rather than reinforcing Africa’s role as a raw-material exporter.
A dedicated BRICS agricultural portal is planned to connect farmers, agri-tech start-ups, researchers, investors and businesses across member countries to boost agricultural trade, technology exchange and investment.
India and Iran discussed deepening bilateral ties and BRICS cooperation, while hopes rose for a unified BRICS summit declaration on West Asia issues.
India’s presidency of the 18th BRICS Summit comes amid expanded membership, conflicts involving member states, and pressure from the United States, while the grouping’s economic and diplomatic weight continues to grow.
Russian fertiliser shipments to India have increased sharply, with BRICS Business Forum speakers citing a 2024 BRICS Summit instruction and record Russian exports to BRICS countries.
India’s BRICS presidency centres the Delhi Summit on resilience, innovation, cooperation and sustainability across an expanded grouping.
BRICS economies account for nearly half of incremental global GDP growth over the past decade, with China and India driving much of the bloc’s expanding economic influence.