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BRICS Leaders Urge Stronger Trade Amid Shifting Global Economy
BRICS countries met in New Delhi to discuss how to work more closely on business and trade.
Russian President Vladimir Putin said strong business relationships can help countries handle global problems.
He said the world economy is changing and that new countries are becoming important engines of growth.
Putin said BRICS countries produce more than 40% of the world’s GDP, while the G7 produces 29%.
The article’s headline also says BRICS countries now account for 24% of global exports.
Indian Prime Minister Narendra Modi and other leaders and ministers attended the forum.
The meeting discussed trade, investment, technology and development.
India wants its 2026 BRICS chairship to produce practical cooperation despite economic and geopolitical challenges.
The article’s headline reports that BRICS countries’ share of global exports has nearly doubled to 24%.
Russian President Vladimir Putin said reliable business ties and economic partnerships are essential to international economic relations.
Putin said BRICS countries account for more than 40% of global GDP, compared with 29% for the G7.
The BRICS Business Forum brought together leaders, ministers and business representatives in New Delhi during India’s 2026 chairship.
Forum recommendations focus on intra-BRICS trade, investment, digital economy, small businesses, standards and value-chain integration.
- Who
- BRICS leaders, ministers and business representatives, including Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Commerce and Industry Minister Piyush Goyal.
- What
- The BRICS Business Forum discussed stronger economic cooperation, including intra-BRICS trade, investment, technology and value-chain integration.
- Where
- New Delhi, India.
- When
- Friday, during India’s 2026 BRICS chairship and ahead of the 18th BRICS Summit.
- Why
- The participants want to strengthen cooperation amid global economic shifts, fragmentation, technological disruption, geopolitical uncertainty, climate change and resource pressures.
Key facts
- Reported BRICS export share
- 24% of global exports, according to the article’s headline.
- BRICS GDP contribution
- More than 40% of global GDP, according to Vladimir Putin.
- G7 GDP contribution
- 29% of global GDP, according to Vladimir Putin.
- BRICS membership
- 11 countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and the United Arab Emirates.
- Forum location
- New Delhi, India.
- India’s 2026 theme
- Building for Resilience, Innovation, Cooperation and Sustainability.
- Key cooperation areas
- Intra-BRICS trade, investment, digital economy, MSMEs, standards cooperation and value-chain integration.
Quotes
Vladimir Putin
President of Russia speaking at the BRICS Business Forum 2026
“This gathering shows the growing interest in strengthening business contacts and relations across the BRICS space. It is evident that reliable business-to-business ties and economic partnerships are the backbone of international economic relations. It helps build relations in a stronger, more resilient manner. It helps to overcome the problems the world is facing.”
freepressjournal.in
“In the last five years, more than 40 per cent of the world's GDP [is] contributed by BRICS, and the so-called G7, why they call it the great 7, stands only at 29 per cent”
freepressjournal.in
Sources
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