Leaders from five major emerging economies, including India’s Prime Minister Narendra Modi, recently convened at the BRICS Summit to discuss various global issues. The 13th BRICS Summit, hosted virtually on September 9, 2021, saw the participation of Brazil, Russia, India, China, and South Africa. This annual summit serves as a platform for these nations to collaborate on economic, political, and security matters of mutual interest.
One significant aspect of the discussions at the summit was the focus on strengthening intra-BRICS cooperation in key areas, such as trade, investment, technology, and sustainable development. Prime Minister Modi highlighted the importance of leveraging the collective capabilities of BRICS countries to support post-pandemic recovery and advance the common goals of the group. The leaders emphasized the need for enhancing collaboration to address global challenges effectively.
During the summit, Prime Minister Modi emphasized the role of technology, digital platforms, and innovation in driving economic growth and fostering entrepreneurship. He highlighted India’s initiatives in the digital space and emphasized the country’s commitment to leveraging technology for inclusive and sustainable development. Modi’s emphasis on technology resonated with the summit’s overarching theme of leveraging digital and technological advancements for the collective benefit of BRICS nations.
One of the key outcomes of the summit was the adoption of the New Delhi Declaration. This declaration reaffirms the commitment of BRICS countries to fostering cooperation across multiple sectors, including health, economy, security, and sustainable development. The declaration underscores the importance of upholding international law, promoting multilateralism, and supporting the central role of the United Nations in global governance.
In the realm of cryptocurrency and blockchain technology, the BRICS nations discussed the potential applications and challenges posed by these digital assets. While acknowledging the innovative potential of blockchain technology in various sectors, including finance, supply chain management, and healthcare, the leaders also expressed concerns about the risks associated with cryptocurrencies, such as money laundering and illicit activities.
Prime Minister Modi’s participation in the BRICS Summit provided an opportunity to showcase India’s strategic priorities and engagement with other emerging economies. The summit served as a platform for fostering dialogue, cooperation, and mutual understanding among BRICS nations, with a focus on achieving shared economic and development objectives.
Overall, the 13th BRICS Summit underscored the importance of collaboration and partnership among emerging economies to address global challenges and promote sustainable development. Prime Minister Modi’s active participation in the summit reflects India’s commitment to advancing the interests of not just the country but also the broader BRICS community. As the world navigates the complexities of a post-pandemic reality, forums like the BRICS Summit play a crucial role in shaping a more resilient and inclusive global order.
