Putin Highlights BRICS’ Capacity for Hard Work and Cooperation on Equal Terms
The Russian president said BRICS members are building equitable cooperation and proposed an investment platform to attract private capital into strategic sectors.
The Russian president said BRICS members are building equitable cooperation and proposed an investment platform to attract private capital into strategic sectors.
BRICS begins its 18th summit in New Delhi with 11 members and 10 partner countries, as the bloc’s economic weight is examined through purchasing power parity and exchange-rate measures.
As BRICS opens its New Delhi summit, its economic weight differs sharply under purchasing-power parity and dollar measures, shaping its push for greater voting power and local-currency trade.
BRICS finance chiefs support stronger PPP frameworks, risk-sharing mechanisms and multilateral guarantees to make emerging-market infrastructure projects more bankable.
BRICS finance ministers and central bank governors agreed to advance interoperable payments, local-currency settlements, development finance and customs cooperation under India’s 2026 chairship.
The article discusses the 2026 BRICS Summit hosted by India and describes China as the most powerful BRICS member by economic, military, and technological strength, while India ranks second by GDP and is highlighted as the fastest-growing major economy.
As BRICS expands and advances local-currency and financial cooperation initiatives, attention is turning to whether the New Development Bank can align its capacity with the bloc’s economic agenda.
BRICS should strengthen the New Development Bank’s governance, creditworthiness, and role in financial initiatives to avoid fragmentation and better serve the Global South.
An analysis of BRICS and G7 strengths in 2026, covering economic scale, energy, trade, institutions and political cohesion.