India, Sept. 6 -- The emergence and expansion of BRICS must be understood against the backdrop of a profound transformation in the international political economy. The global distribution of economic power has changed substantially over the past several decades, but the institutions of global governance have not evolved at a comparable pace. The result is a growing disconnect between where economic power resides and where institutional power is exercised. The rise of the Global South, therefore, is not simply a story of economic growth; it is also a demand for greater agency in shaping the rules, institutions and opportunities that govern the international system.

SIGNIFICANCE OF THE DELHI BRICS SUMMIT

The 2026 New Delhi BRICS Summit sh...