Archive · 12 Sep 2026
Modi Urges BRICS to Deepen Trade and Business Ties
Prime Minister Narendra Modi asked BRICS countries to work more closely on trade and business.
He said the group has become very large and economically important.
Modi suggested removing the 10 biggest barriers that make trade between members difficult.
He also proposed helping 100 startups enter other BRICS markets each year.
Another goal is to create 1,000 new business partnerships annually.
He said ships need safe ocean routes and seafarers need protection for trade to continue.
Modi presented India as a place for manufacturing, technology and innovation.
He also invited BRICS countries to use ideas from India’s digital payment system and startup networks.
Prime Minister Narendra Modi urged BRICS members to turn their economic influence into stronger trade, investment and business partnerships.
He proposed removing the bloc’s top 10 trade barriers, expanding 100 startups into member markets each year and creating 1,000 new business partnerships annually.
Modi said BRICS members and partners represent about half the world’s population, 40% of global GDP and more than a quarter of global trade.
He said secure sea lanes, open supply routes, freedom of navigation and safe seafarers are necessary for global trade.
Modi promoted India’s infrastructure, strategic technologies, startup ecosystem and Unified Payments Interface as areas for expanded BRICS cooperation.
- Who
- Prime Minister Narendra Modi and representatives of BRICS countries.
- What
- Modi called for stronger BRICS trade, investment and business ties and proposed targets for reducing barriers and expanding partnerships.
- When
- Friday, September 11, 2026.
- Where
- The BRICS Business Forum in New Delhi, India.
- Why
- To convert BRICS’s growing economic weight into practical business opportunities and support reliable global trade and supply chains.
- BRICS economic scale
- Members and partners represent around half of the world’s population, 40% of global GDP and more than a quarter of global trade.
- Trade-barrier target
- Identify and remove the bloc’s top 10 trade barriers.
- Startup target
- Help 100 BRICS startups expand into other member markets every year.
- Business-partnership target
- Create 1,000 new business partnerships annually.
- BRICS GDP growth
- The combined GDP of BRICS economies grew about four-and-a-half times over two decades, compared with roughly two-and-a-half times for global GDP.
- India’s startup ecosystem
- India has more than 200,000 startups and over 120 unicorns, according to Modi.
- Maritime priorities
- Modi emphasized secure sea lanes, open supply routes, freedom of navigation and the safety of seafarers.
