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BRICS Declaration Balances Cooperation, India-China Thaw and Oil Risks

BRICS Declaration Balances Cooperation, India-China Thaw and Oil Risks
UPSC Key: BRICS New Delhi Declaration, India-China ties, and East-West oil pipeline · indianexpress.com

BRICS is a group of large developing countries that meet to discuss world problems and cooperation.

At its meeting in New Delhi, the members agreed on many subjects, including trade, health, farming, education and technology.

They criticized sanctions and tariffs but tried not to turn the group into an alliance against Western countries.

India and China also held talks and said they should solve disagreements peacefully, especially their border dispute.

However, important problems between them, including trade imbalances and security concerns, remain.

BRICS also discussed climate change and said countries should be allowed to use different energy sources according to their needs.

Saudi Arabia temporarily stopped an important oil pipeline after attacks.

This could make oil more expensive and affect India because India imports most of the oil it uses.

The summit also announced initiatives involving seafarer safety, mental health, space cooperation and agriculture.

Key facts

BRICS membership
The grouping has 11 members: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and the United Arab Emirates.
BRICS evolution
BRIC began in 2006; the first leaders’ summit was held in 2009, South Africa joined in 2010, five countries joined in 2024 and Indonesia became a full member in January 2025.
New Delhi Declaration
The 45-page declaration contained about 140 paragraphs and addressed trade, health, artificial intelligence, tourism, agriculture, energy, education and other areas.
India-China meeting
Narendra Modi and Xi Jinping called for differences not to become disputes and supported a fair, reasonable and mutually acceptable resolution of the boundary question.
Energy position
BRICS supported just, orderly and inclusive energy transitions while recognizing roles for renewable energy, fossil fuels, nuclear power, hydropower, hydrogen and other technologies.
East-West pipeline
The approximately 1,200-kilometre pipeline connects Abqaiq in eastern Saudi Arabia with Yanbu on the Red Sea and is operated by Saudi Aramco.
India’s oil dependence
India imports more than 88% of its crude oil requirements; Saudi oil accounted for about 7–8% of India’s total oil imports in the preceding couple of months.

Quotes

Narendra Modi

Prime Minister of India speaking at the BRICS Summit

“The BRICS chairship rotates annually, but this should not halt our institutional momentum. I propose a ‘BRICS Continuity and Implementation Mechanism.’”
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“China and India are partners rather than rivals, and development opportunities rather than threats to each other.”
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Sources

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