BRICS meets in India

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Published: 2026-09-12T08:45:30.061Z • Permanent link

Indian Prime Minister Narendra Modi has invited leaders from the five member countries of the BRICS grouping to a summit in New Delhi, marking the first time the bloc has met in person since 2019. The summit is set to take place on March 1, and it is expected to focus on key areas such as infrastructure development, trade, and technology. The event is seen as a significant moment in the bloc's efforts to promote economic cooperation and counterbalance the influence of Western powers.

The BRICS grouping, which includes Brazil, Russia, India, China, and South Africa, has been expanding its presence on the global stage in recent years. The bloc has established a number of initiatives aimed at promoting economic cooperation, including the New Development Bank and the Contingent Reserve Arrangement. However, the grouping's efforts have been hindered by the ongoing global economic downturn, as well as tensions between individual member countries. Nevertheless, the Indian government is optimistic about the potential for the summit to boost economic cooperation and promote regional stability.

Key attendees at the summit are expected to include Russian President Vladimir Putin, Chinese Premier Li Keqiang, and Brazilian President Luiz Inácio Lula da Silva. The meeting is also likely to include representatives from the private sector, including major companies such as Alibaba, Sinopec, and Petróleo Brasileiro. The Indian government has stated that it hopes to use the summit to promote investment in key sectors such as renewable energy, infrastructure, and technology.

The BRICS summit is likely to have significant implications for the global infrastructure sector. The bloc's efforts to promote economic cooperation and counterbalance Western influence are likely to have far-reaching consequences for companies operating in the sector. For example, the New Development Bank's efforts to promote infrastructure development in member countries are likely to have a significant impact on companies operating in the sector. Similarly, the Contingent Reserve Arrangement's efforts to promote financial stability are likely to have a significant impact on companies operating in the global financial system.

The summit is also likely to have significant implications for research communities and markets. The BRICS grouping has established a number of initiatives aimed at promoting economic cooperation, including the BRICS Research Center and the BRICS Investment Forum. These initiatives are likely to have a significant impact on research communities and markets, particularly in the areas of infrastructure development and technology. For example, the BRICS Research Center's efforts to promote research on infrastructure development are likely to have a significant impact on researchers and policymakers operating in the sector.

The BRICS summit is taking place at a time of significant uncertainty in the global economy. The ongoing global economic downturn, combined with rising tensions between individual member countries, has created a complex and challenging environment for economic cooperation. However, the BRICS grouping has a long history of promoting economic cooperation and counterbalancing Western influence. The bloc's efforts to promote economic cooperation date back to the 1990s, when the five member countries first established the BRICS grouping.