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Why the Global South is turning to BRICS for economic development

Heads of delegations, including Kazakh President Kassym-Jomart Tokayev, Indonesian President Prabowo Subianto, Egyptian President Abdel Fattah al-Sisi, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping, South African President Cyril Ramaphosa, Iranian President Masoud Pezeshkian, Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud, Uzbekistan Deputy Prime Minister Jamshid Kuchkarov, Malaysian Prime Minister Anwar Ibrahim, Ethiopian Prime Minister Abiy Ahmed, Vietnam's Prime Minister Le Minh Hung, pose for a family photo on day two of the BRICS Summit in New Delhi, India, September 13, 2026. 

Photo credit: Alexander Kazakov | Reuters

The 2026 BRICS Summit recently concluded in India, marking two decades of self-reliance, solidarity, and practical collaboration.

As the global political and economic architecture undergoes its most profound transformation in a century, this historic gathering underscored how the grouping has evolved from an informal diplomatic dialogue into the most influential platform for emerging markets and developing countries worldwide.