BRICS in a fragmented world order, a test of relevance
The 18th BRICS Summit in New Delhi resulted in a unanimous declaration focusing on global governance reform, local currency trade, and the need for a more representative international financial system. The summit emphasized the importance of multi-polarity and diplomacy in a fragmented global order.
Why it matters
The summit signals a growing push by emerging economies to challenge Western-dominated financial institutions and promote alternative multilateral frameworks.
The 18th BRICS Summit, held in New Delhi on September 12-13, 2026, was an extravaganza of sorts. The summit’s New Delhi Declaration has been widely hailed as a major achievement for reconciling the divergent views of the 11-member grouping. Its unanimous adoption is again a major achievement in a world often works at cross purposes. Achieving this consensus under India’s chairmanship, is an excellent example, at one level, of India’s standing within BRICS and its importance in the councils of the world
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