South African President Cyril Ramaphosa said BRICS members and companies must rethink sourcing, production and investment amid global economic reconfiguration.
Chinese President Xi Jinping is expected to attend the BRICS summit in New Delhi shortly after the SCO summit in Bishkek, emphasizing Global South solidarity, development, and multilateral cooperation.
The 18th BRICS summit in Delhi is expected to focus on economic cooperation, local-currency trade, institutional reform and consensus-driven agenda items amid geopolitical tensions.
As BRICS pursues financial self-reliance, the Delhi summit must clarify who bears the cost of guarantees, private capital mobilization, and development lending through the New Development Bank.
New Delhi aims to turn the effects of conflicts into an agenda of dialogue, economic security and global governance reform.
India and Iran discussed deepening bilateral ties and BRICS cooperation, while hopes rose for a unified BRICS summit declaration on West Asia issues.
Speaking at a BRICS business forum in New Delhi, Vladimir Putin called for a new development platform free from Western rules and accused the West of using sanctions, seizures and attacks on infrastructure to preserve its dominance.
India’s BRICS presidency centres the Delhi Summit on resilience, innovation, cooperation and sustainability across an expanded grouping.
At the BRICS Business Forum, Prime Minister Narendra Modi called for secure sea lanes, open supply routes, and measurable BRICS trade, startup, and partnership targets.
