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[INTERNATIONAL] · India, Brazil, Russia, China, South Africa · 7 sources

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BRICS Summit in New Delhi concludes with consensus declaration

The 18th BRICS Summit, hosted by India in New Delhi, has concluded with leaders from the expanded bloc reaching a consensus on a 140-paragraph joint declaration. The summit, themed 'Resilience, Innovation, Cooperation and Sustainability', highlights the group's growing geopolitical weight. The expanded BRICS now represents approximately 45% to 49.5% of the global population, 40% of global GDP, and roughly 25% to 26% of global trade.

Key outcomes of the summit include a collective expression of concern regarding escalating tensions in the Middle East and a condemnation of unilateral economic sanctions that violate international law. Additionally, following a request from Brazilian diplomacy, the bloc expressed concern regarding the economic blockade on Cuba. The summit also emphasized the need for global governance reform.

Economic cooperation remains a central pillar, with the New Development Bank having allocated nearly $9 billion toward development. The summit saw high-level attendance from leaders including Xi Jinping and Vladimir Putin, though Brazilian President Lula was absent. The event marks a significant shift in India's international standing, transitioning from economic uncertainty in previous years to a central leadership role within the bloc.

Entities

BRICS · India · Narendra Modi · New Delhi · New Development Bank · Vladimir Putin · Xi Jinping

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