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Foreign Minister S Jaishankar attended the Emergency Virtual Summit of BRICS Summit on Monday.
Foreign Minister S Jaishankar attended the Emergency Virtual Summit of BRICS Summit on Monday. During this, Jaishankar said- Trade policy should be fair, transparent and all benefits.
Without naming US President Donald Trump, Jaishankar said that there will be no benefit from creating problems and making transactions difficult. Business should always be smooth.
Virtual Summit also attended the Virtual Summit, Rashtriya Xinping of China, Russian Rashtriya Vladimir Putin, Brazilian Rashtrapati Lula Di Silwa. There was also news of PM Modi attending the first meeting.
The purpose of this summit was to discuss business challenges arising out of tariff policies of America. The US has imposed a 50% tariff on countries like India and Brazil. BRICS is a group of countries with 11 major emerging economies.
3 photos of BRICS Summit
The Virtual BRICS Summit was called by Brazilian Rashtrapati Lula Di Silva.
The summit was attended by Chinese President Xi Jinping, Russian President Vladimir Putin and other leaders.
External Affairs Minister S Jaishankar gave a address in place of PM Modi at the virtual summit.
Jinping said- unite to deal with Trump’s challenges
Chinese President Xi Jinping insisted on unison to face America’s trade challenges. Jinping said, the trade war and tariffs initiated by some countries affect the world economy and weaken the rules.
4 big things of S Jaishankar …
- Supply chain be strong: Whenever there is a crisis, there is a lack of things. To prevent this, countries will have to increase mutual cooperation. Strong and safe supply chains have to be made, so that the goods can reach on time.
- It is necessary to solve business deficit: India’s largest trade deficit is from BRICS countries, especially China. It is necessary to solve this problem quickly, so that business between BRICS countries is balanced and beneficial for all.
- Large organizations fail in global crisis: Corona, war and climate crisis have disturbed the whole world. But large organizations like the United Nations have failed to solve these problems. Therefore, there is a need to improve these institutions.
- It is not right to connect business with politics: It is not beneficial to connect business with politics or non-commercial matters. BRICS countries should review mutual trade.
India will preside over BRICS in 2026
India will preside over the BRICS Summit in 2026 and will hold the 18th BRICS Summit. India will get this responsibility from Brazil from January 1, 2026.
Modi shared India’s plan at the 17th BRICS Summit held at Rio de Janeiro in 2025. India aims to introduce BRICS in a new form, which will focus:
- Humanity first (humanity): India will make BRICs a platform to prioritize the interests of the people, as he chaired by the G20.
- Resilience and innovation: India will emphasize new techniques and cooperation to deal with global challenges.
- Continuous development (sustainability): Issues such as climate change, environmental protection and global health will be noted.
- The voice of Global South: India will promote the interests of developing countries and demand improvement in global institutions such as United Nations Security Council, IMF and World Bank.
- Anti -terrorism and economic strength: India will insist on strengthening steps and economic cooperation against terrorism.
Modi went to Brazil to attend the 17th BRICS Summit
The 17th BRICS Summit was held on 6-7 July 2025 at Rio de Janeiro, Brazil. The theme of this summit under the chairmanship of Brazilian President Luiz Eneasio Lula Dr. Silva was ‘Inclusive and sustainable cooperation for Global South’.
It included BRICS member countries (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, UAE) and leaders of partner countries. Modi went to Brazil to participate in it. This was the 12th when Modi is participating in the BRICS Summit.
The Prime Minister had said, ‘Global South countries have often been victims of double standard. Whether it is development, resources, or security related issues, Global South has never been given priority. Without them, global institutions are like mobiles that have SIM cards but do not have a network.
PM Modi, Brazilian President Lula de Silva and leaders of BRICS countries took group photographs.
What is BRICS?
BRICS is a group of countries with 11 major emerging economies. These include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates (UAE), Saudi Arabia and Indonesia.
Its purpose is to promote economic, political and social cooperation among these countries. It initially had 4 countries, called BRIC. The name was given in 2001 by Jim O’Neel, an economist of Goldman Sachs.
He then said that Brazil, Russia, India and China will carry forward the global economy in the coming decades. Later these countries came together and adopted this name.
Need to make BRICS and travel ahead
Western countries dominated the world’s economy after the fall of the Soviet Union and in the early 2000s. America’s dollars and international institutions such as International Monetary Fund (IMF) made decisions.
Russia, India, China and Brazil came together to reduce this American dominance, which later became BRICS. The purpose of these countries was to strengthen the voice of global South i.e. developing and poor countries.
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