Prime Minister Narendra Modi Addresses BRICS Business Forum 2026(Image-AI)
PM Narendra Modi Unveils 3-Point Action Plan at BRICS Business Forum 2026 to Slash Trade Barriers
Summary: Google Discover Hook Amid shifting geopolitical dynamics and rising global trade protectionism, Prime Minister Narendra Modi delivered a landmark address at the BRICS Business Forum 2026 in New Delhi. Marking two decades of the grouping, PM Modi laid out a high-impact roadmap to dismantle trade barriers, scale startups internationally, and establish 1,000 annual business partnerships across member nations.
New Delhi: Addressing an international gathering of industry leaders, tech innovators, and top diplomats at the largest-ever BRICS Business Forum in New Delhi,today,Prime Minister Shri Narendra Modi marked the 20th anniversary of the alliance with a compelling pitch for open markets, digital transformation, and resilient supply networks.
Guided by the central theme of India’s BRICS Presidency—“Building for Resilience, Innovation, Cooperation and Sustainability”—the Prime Minister pointed out that while global trade protectionism is on the rise, India remains firmly committed to building durable economic bridges across continents.
BRICS AT A GLANCE (2006 vs 2026) |
|
|---|---|
| Member Countries | Expanded from the original 4-country grouping to 11 full member countries |
| Members + Partner Countries | 21 countries when members and partner countries are considered together |
| Share of Global Population | 49.5% |
| Share of Global GDP | 40% |
| Share of Global Trade | 26% |
| Economic Growth | BRICS GDP has grown about 4.5× compared with about 2.5× for global GDP over the cited period |
"Make in India, Innovate with India, Scale for the World"
Highlighting India’s economic evolution over the past twelve years, PM Modi credited strategic supply chain diversification and aggressive infrastructure expansion for maintaining stable growth despite global uncertainties.
Beyond core logistics like roads, railways, and ports, India is channeling investments into key strategic domains:
- High-Tech & Manufacturing: Semiconductors, quantum computing, and shipbuilding.
- Future Resources: Critical minerals processing and green biotechnology.
Inviting global investors to capitalize on these emerging ecosystems, PM Modi reiterated the national imperative:
Make in India, Innovate with India, and Scale for the World.
Startup Revolution & The Unified Payments Interface (UPI)
With a network exceeding 200,000 recognized startups and 120+ unicorns, India’s entrepreneurial ecosystem is providing tangible solutions to global challenges. These ventures are leveraging artificial intelligence in healthcare and education, expanding green hydrogen infrastructure, and advancing deep-tech solutions in defense and space.
A major highlight of India's innovation model is Population-Scale Deployment, anchored by the Unified Payments Interface (UPI):
- Global Market Share: UPI currently processes 50% of all real-time digital payments globally.
- Open Financial Architecture: By offering an open digital layer, India provides a adaptable framework for BRICS partner nations looking to accelerate financial inclusion and modern fintech adoption.
Maritime Security and Inclusive Enterprise
Emphasizing that global commerce requires secure logistics routes, PM Modi reaffirmed India's commitment to freedom of navigation and the safety of seafarers across international waters.
He also commended the growing participation of women entrepreneurs in economic growth, noting the milestone attendance of nearly 200 business leaders at the recent BRICS Women’s Business Alliance meeting in India.
The 3-Point Challenge for BRICS’ Third Decade
To ensure BRICS translates its collective economic footprint into measurable progress, PM Modi challenged the BRICS Business Council to implement three annual benchmarks:
- Eliminate Top 10 Trade Barriers: Draft and act on an actionable policy report identifying and removing the top 10 intra-BRICS trade bottlenecks.
- Accelerate 100 Startups: Support 100 high-potential BRICS startups annually to expand operations across member state markets.
- Forge 1,000 Strategic Alliances: Facilitate 1,000 new business-to-business (B2B) partnerships and joint ventures every year.
Frequently Asked Questions (FAQ)
Q1: What was the primary theme of India's BRICS Presidency 2026?
Ans: The overarching theme was "Building for Resilience, Innovation, Cooperation and Sustainability," centering on supply chain stability, cross-border digital platforms, and sustainable economic policy.
Q2: What is the economic scale of BRICS and its partner countries today?
Ans: BRICS and its extended network represent 50% of the world's population, 40% of global GDP, and more than 25% of global trade volume.
Q3: What 3 benchmarks did PM Modi propose for the BRICS Business Council?
Ans: PM Modi requested an annual action plan to remove the top 10 trade barriers, cross-scale 100 startups into member markets, and establish 1,000 new B2B corporate partnerships.
BRICS Business Forum 2026, PM Narendra Modi Speech, India BRICS Presidency
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