18th BRICS Summit Convenes in New Delhi; Adopts New Delhi Declaration 2026
India hosted the 18th BRICS Summit at Bharat Mandapam, New Delhi, on 12–13 September 2026 under India's BRICS Chairmanship.
Key Facts & Dimensions
- Summit Theme: 'Building for Resilience, Innovation, Cooperation and Sustainability'.
- New Delhi Declaration 2026: Adopted by consensus across expanded BRICS+ members, highlighting sovereign equality, non-discrimination, and balanced multilateralism.
- Counter-Terrorism: Strongly condemned all acts of terrorism, explicitly calling out the 22 April 2025 Pahalgam terror attack and demanding zero tolerance for cross-border terror financing.
- UN & Multilateral Reform: Reaffirmed urgent reform of the UN Security Council to enhance representation of developing economies, specifically endorsing expanded roles for India and Brazil.
- Cross-Border Financial Settlement: Supported local-currency settlement mechanisms for intra-BRICS trade and cross-border interbank cooperation without creating an artificial common currency.
- Opposition to Unilateral Trade Barriers: Expressed firm opposition to unilateral protectionist trade measures and arbitrary carbon-border taxes (such as CBAM) that distort WTO principles.
- Indian Initiatives: Prime Minister Narendra Modi proposed a BRICS Continuity and Implementation Mechanism through the Troika and an emergency support network for seafarers.
- Two Decades of BRICS: Released two commemorative postage stamps marking two decades of BRICS cooperation (2006–2026).
UPSC GS-II (Bilateral, Regional and Global Groupings Involving India, Effect of Policies on Developing Countries) and Banking/Financial Awareness.