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External Affairs Minister S Jaishankar on Friday called for greater economic resilience among BRICS countries, saying the ability to “anticipate, adapt and respond” had become increasingly important as geopolitical conflicts were having a growing impact on economies.
Speaking at the BRICS Business Forum in New Delhi ahead of the 18th BRICS Summit, which India is hosting on September 12-13, Jaishankar said the forum provided an opportunity for member countries to examine commercial opportunities as well as the global circumstances that were shaping them.
“Ability to anticipate, adapt and respond, resilience has become important,” Jaishankar said, underlining the need for businesses and economies to prepare for disruptions rather than merely respond to them after they occur.
His remarks come as India hosts the expanded BRICS grouping against a backdrop of heightened geopolitical tensions, including the ongoing conflict involving Iran and Israel and disruptions to global trade and energy flows. The conflict has also exposed the economic vulnerabilities created by disruptions to key trade routes and supply chains.
Jaishankar said the economic consequences of geopolitical conflicts were increasingly being felt, making stronger economic cooperation within BRICS important.
He said there was a need to make it easier for businesses in BRICS countries to operate and expand across member economies, with particular attention to areas such as fintech and advanced manufacturing.
Greater economic activity among BRICS members would, in turn, contribute to greater self-reliance for the grouping, he said.
The minister also stressed the importance of “genuine market practices” and a predictable business environment for deeper economic engagement among BRICS countries.
India assumed the BRICS chairship for 2026 on January 1 and has placed resilience, innovation, cooperation and sustainability at the centre of its agenda. The grouping has expanded substantially in recent years and now includes 11 member countries.
The BRICS Business Forum precedes the leaders’ summit, where member countries are expected to discuss economic cooperation alongside wider global and geopolitical issues.
Also Read: No GST registration without biometric Aadhaar for now: What Delhi HC interim order means
Speaking at the BRICS Business Forum in New Delhi ahead of the 18th BRICS Summit, which India is hosting on September 12-13, Jaishankar said the forum provided an opportunity for member countries to examine commercial opportunities as well as the global circumstances that were shaping them.
“Ability to anticipate, adapt and respond, resilience has become important,” Jaishankar said, underlining the need for businesses and economies to prepare for disruptions rather than merely respond to them after they occur.
His remarks come as India hosts the expanded BRICS grouping against a backdrop of heightened geopolitical tensions, including the ongoing conflict involving Iran and Israel and disruptions to global trade and energy flows. The conflict has also exposed the economic vulnerabilities created by disruptions to key trade routes and supply chains.
Jaishankar said the economic consequences of geopolitical conflicts were increasingly being felt, making stronger economic cooperation within BRICS important.
He said there was a need to make it easier for businesses in BRICS countries to operate and expand across member economies, with particular attention to areas such as fintech and advanced manufacturing.
Greater economic activity among BRICS members would, in turn, contribute to greater self-reliance for the grouping, he said.
The minister also stressed the importance of “genuine market practices” and a predictable business environment for deeper economic engagement among BRICS countries.
India assumed the BRICS chairship for 2026 on January 1 and has placed resilience, innovation, cooperation and sustainability at the centre of its agenda. The grouping has expanded substantially in recent years and now includes 11 member countries.
The BRICS Business Forum precedes the leaders’ summit, where member countries are expected to discuss economic cooperation alongside wider global and geopolitical issues.
Also Read: No GST registration without biometric Aadhaar for now: What Delhi HC interim order means
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