NEW DELHI, January 13 (ANI): External Affairs Minister S. Jaishankar on Tuesday called on BRICS to commit to a reformed multilateral system that reflects present-day global realities, emphasizing the need for more representative and inclusive international institutions.
Speaking at the launch of the BRICS 2026 logo, Jaishankar said the world is navigating multiple complex challenges, making the demand for a reinvigorated, inclusive, and effective multilateral order more urgent than ever.
“At a time when the world is also navigating multiple complex challenges, the call for a reinvigorated, inclusive, and effective multilateral order has never been more urgent. BRICS must commit to a reformed multilateralism that reflects contemporary realities, one where institutions like the United Nations, the WTO, IMF, and the World Bank are representative and inclusive,” he said.
Highlighting the role of BRICS in global economic cooperation, the EAM noted that the New Development Bank (NDB), founded by BRICS countries, has emerged as an important instrument promoting infrastructure development and sustainable growth among its members. He added that India remains committed to supporting efforts to further strengthen the bank as a credible, responsible, and financially sustainable institution.
Jaishankar also underlined the importance of people-to-people exchanges as a core component of BRICS cooperation, particularly during India’s chairship.
“People-to-people exchanges will always remain an essential component of BRICS and especially of our chairship, with continued emphasis on youth, culture, education, sports, tourism, and academic interactions,” he stated.
Reiterating India’s approach to the grouping, Jaishankar said New Delhi views BRICS as a constructive platform for dialogue and development that complements the broader multilateral system.
“BRICS is guided by the principles of mutual respect, sovereign equality, and consensus. India will strive to make its chairship inclusive, practical, people-centered, and outcome-oriented,” he said.
He expressed confidence in continued cooperation, adding, “I look forward to the cooperation and support of all BRICS members, partner countries, and other stakeholders as we work towards and together during India’s Chairship.”
The acronym BRIC was first coined in 2001 by Goldman Sachs in its Global Economics Paper, The World Needs Better Economic BRICs, based on projections that Brazil, Russia, India, and China would individually and collectively occupy a larger share of the global economy in the following decades.
In 2010, it was agreed to expand BRIC to BRICS, with South Africa joining at the third BRICS Summit in Sanya in 2011. The grouping expanded further in 2024, with Egypt, Ethiopia, Iran, and the UAE becoming full members on January 1, 2024. Indonesia joined as a full member in January 2025, while Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan were inducted as partner countries of BRICS.
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