The push for Global SouthIn his remarks, the prime minister also talked about efforts by BRICS to help the Global South. “In the form of BRICS New Development Bank (NDB), we have offered a strong and credible alternative to support the development aspirations of countries in the Global South,” he said.At the same time, he said the NDB must focus on demand-driven approaches, long-term financial sustainability, and healthy credit rating.Strengthening our internal systems will further enhance the credibility of our call for reformed multilateralism, he said.Modi said the countries of the Global South have some special expectations and aspirations from BRICS and it should work together to fulfil them. “For instance, the BRICS Agricultural Research Platform, established in India, is a valuable initiative to enhance collaboration in agricultural research.””It can become a medium for sharing research and best practices in topics such as agri-biotech, precision farming, and climate change adaptation. We can also extend its benefits to countries in the Global South,” he said.The prime minister also proposed creation of a BRICS Science and Research Repository, which could also serve as a valuable resource for the countries of the Global South.”The Global South has many hopes from us. To fulfil them, we must follow the principle of ‘Lead by Example’,” he said.”India is fully committed to working shoulder-to-shoulder with all our partners to achieve our common goals,” he added.The top leaders of BRICS held deliberations on a range of pressing challenges facing the globe at the grouping’s two-day annual summit in this seaside Brazilian city.Chinese President Xi Jinping and his Russian counterpart Vladimir Putin skipped the summit.Iranian President Masoud Pezeshkian and Egypt’s Abdel-Fattah el-Sissi also didn’t attend the gathering.The BRICS has emerged as an influential grouping as it brings together 11 major emerging economies of the world, representing around 49.5 percent of the global population, around 40 percent of the global GDP and around 26 percent of the global trade.BRICS, originally comprising Brazil, Russia, India, China and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the United Arab Emirates, with Indonesia joining in 2025.
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