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होमभारतWhat Is BRICS and Why Is It Important?...
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What Is BRICS and Why Is It Important?

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What Is BRICS and Why Is It Important? • Source: TMINS
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BRICS Explained: Know Its Members, Purpose and Why the 2026 Delhi Summit Matters

BRICS is an international organization consisting of some major emerging nations of the world from different regions. The organization is dedicated to promoting economic cooperation, trade, investment and development in the world as well as greater coordination among member countries on issues related to the international environment.

The term BRICS is derived from the initial letters of Brazil, Russia, India, China and South Africa. Brazil, Russia, India and China have constituted the initial grouping whereas South Africa has joined subsequently. The membership of BRICS organization has increased and today it is a much larger and diversified organization than at the time of its inception.

What Does BRICS Stand For?

Initially, the term BRICS consisted of the initials of Brazil, Russia, India, China and South Africa.

Present Members of BRICS Organization

Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and United Arab Emirates.

These nations account for an important share of the world’s population and economy. Their joint significance ensures that BRICS plays an important role in debates on global commerce, investments, energy, development and international cooperation.

Why Was BRICS Formed?

BRICS was formed as a means of fostering cooperation between emerging economies, and creating a forum at which these nations could address economic and development challenges.

Other objectives include fostering cooperation in areas such as trade, finance, science and technology, energy, agriculture and infrastructure. Members of BRICS regularly engage in discussion on how to increase economic cooperation.

An important objective of BRICS is also to increase the voice of developing and emerging economies in global institutions and international policymaking.

Why Is BRICS Significant?

BRICS is significant since its member nations have an important economic weight, large populations, and growing importance in global politics. BRICS offers a forum for the discussion of challenges relevant to economies of member nations and the world at large. These include global trade, investments, energy security, food security and financial cooperation.

Furthermore, BRICS has become significant in today’s world because of the changes in the global economic system. Countries have been searching for new partnerships and cooperation beyond the existing economic and political groups. The organization may take part in the formation of new opportunities of cooperation and trade and investments among member countries.

Why Is India Organizing BRICS Summit in 2026?

India holds the chairmanship of BRICS in 2026 and will organize the 18th BRICS Leaders' Summit in New Delhi on September 12 and 13.

The summit will take place in Bharat Mandapam and is planned to involve leaders and representatives of BRICS member countries as well as BRICS partner and outreach countries.

The summit in 2026 will be significant for India because it allows discussing economic cooperation, global governance and issues related to international challenges with the leaders of the most significant countries.

Such topics as trade, investments, energy and food security, supply chains and digital cooperation may be covered in the summit.

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Nitin

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प्रकाशित तिथि: 11 Sep 2026
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