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    COVER STORY                                                       SEPTEMBER 11, 2026       |  The Indian Eye                    4

                                                      18TH BRICS SUMMIT
               SHAPING A NEW

                 WORLD ORDER

             As India prepares to host the 18th BRICS Summit next weekend in New Delhi, the grouping is becoming an increasingly

                 important platform for the Global South to shape debates on power, finance, technology and global governance

            OUR BUREAU
            New Delhi
                  he 18th BRICS  Summit in
                  New Delhi comes at a moment
            Twhen the international system
            is undergoing a profound transition.
            Wars, sanctions, trade tensions, ener-
            gy insecurity and rivalry among major
            powers have exposed the limitations
            of a global order still largely shaped
            by institutions created in a differ-
            ent era. BRICS, with its expanded
            membership and growing economic
            weight, is increasingly becoming one
            of the platforms through which that
            transition is being negotiated.
                The importance of the Septem-
            ber 12-13 summit therefore goes
            beyond  India’s  year-long  chairman-
            ship. It will test whether BRICS can
            convert its growing political and eco-
            nomic weight into a more coherent
            voice for a multipolar world.
                The grouping now brings to-
            gether 11 countries — Brazil, Russia,   Union Minister Gajendra Singh Shekhawat in a group photograph with delegates during the BRICS Cultural Summit at Ravindra Bhawan, in
            India, China, South Africa, Egypt,                                        Bhopal on Frida (ANI Photo)
            Ethiopia, Indonesia, Iran, Saudi Ara-
            bia and the United Arab Emirates.
            Its expansion has transformed what   global governance.             will also be determined by who con-  ital concentrated in a relatively small
            was once essentially a grouping of    The New Delhi summit comes    trols technologies, digital infrastruc-  number of advanced economies.
            five major emerging economies into   against  this  background.  India  has   ture, energy systems, supply chains   Energy will be another major
            a much broader representation of   deliberately framed its BRICS chair-  and financial networks. India’s effort   pillar.  The membership includes
            the developing world.             manship  around  resilience,  innova-  to bring its experience with Aadhaar,   some of the world’s most important
                That expansion is important be-  tion, cooperation and sustainability,   UPI and digital public infrastructure   producers and consumers of ener-
            cause the central question confront-  with technology, artificial intelligence,   into the BRICS conversation reflects   gy, creating opportunities for coop-
            ing the international system is no lon-  digital public infrastructure, startups   this new reality.  eration on energy security and the
            ger simply who dominates it, but who   and scientific research among its pri-  The proposed BRICS Startup   green transition. India and Brazil, in
            gets to shape its rules. BRICS coun-  orities. This suggests that BRICS is   Innovation Fund, Startup Innovation   particular, have considerable scope
            tries  increasingly  argue  that  global   attempting to move beyond being   Network and Science and Research   to exchange experience on biofuels,
            institutions do not adequately reflect   primarily a political grouping and   Repository are examples of how the   clean mobility and renewable energy.
            the economic and political realities   build practical areas of cooperation.  grouping could develop institutions   Brazil’s experience with green energy
            of the 21st century. Their combined   That  shift  could  prove  signifi-  with a practical economic purpose.   programmes since the 1970s provides
            demand is for greater representation,   cant. The emerging world order will   Cooperation among emerging econ-  a natural basis for cooperation as In-
            a larger role for developing countries   not be shaped only by military alli-  omies in these areas could reduce   dia  seeks  to  reduce  its  dependence
            and a less Western-centric system of   ances or diplomatic declarations. It   dependence on technology and cap-  Continued on next page... >>

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