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PM Modi Highlights BRICS as Innovation and Trade Powerhouses Amid Global Uncertainties

Modi said BRICS economies now account for 50% of the world’s population and have grown nearly twice as fast as global GDP.

  • On Friday, Prime Minister Narendra Modi addressed the BRICS Business Forum in New Delhi, emphasizing India's commitment to removing trade barriers and building cooperation networks across the bloc.
  • The Prime Minister highlighted that BRICS nations represent 50% of the world's population, 40% of global GDP, and over 25% of global trade, with economic strength growing nearly twice as fast as the rest of the world.
  • Adopting the mantra of "building for resilience, innovation and cooperation" over 12 years, India established initiatives including the BRICS MSME Portal and BRICS Startup Innovation Fund to connect businesses with finance.
  • Modi noted that around 200 women business leaders participated in the alliance meeting held in India, while emphasizing that global trade requires secure sea lanes and safe seafarers.
  • Iranian President Masoud Pezeshkian and Russian President Vladimir Putin warned of "ugly forms" of competition, citing economic instruments used for political pressure and threats of secondary sanctions against BRICS nations.
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The Arabian Stories News broke the news on Friday, September 11, 2026.
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