BRICS Summit 2026 India LIVE: 18th Summit at Bharat Mandapam, 11 Members, Theme, NDB Bank & New Delhi Declaration Explained
By Mr. Raj Damodar | Founder, Raj Global Studies | Research & Insights 2026 | Live Updated: 12 September 2026, New Delhi
Quick Summary: The 18th BRICS Summit 2026 is LIVE today 12-13 September 2026 at Bharat Mandapam, New Delhi under India's Chairship. Host India, Chair PM Narendra Modi, Theme Building for Resilience, Innovation, Cooperation and Sustainability. 11 member countries, 10 partner countries, 35 Billion USD NDB projects, 350+ meetings in 25 cities. This article gives complete 3000 words research on BRICS in India, role, benefits, and why India is centre of growth.
Table of Contents:
- BRICS Summit 2026 Live Today - Breaking
- What is BRICS?
- BRICS Members 2026 - Full List 11 Countries
- BRICS Summit 2026 Theme, Venue, Date, Chair
- History - 20 Years of BRICS
- Purpose of BRICS
- Structure - How BRICS Works
- NDB Bank Shanghai - Complete Details
- BRICS in India - Role of India
- Why India is Centre of BRICS - 7 Reasons
- Benefits of BRICS for India
- Trade and Economy Data 2026
- NDB Funded Projects in India
- BRICS 2026 Agenda and iBRICS Investors Summit
- Challenges
- Future 2030
- Conclusion
- FAQs
1. BRICS Summit 2026 Live Today - Breaking Update
LIVE TODAY: India is hosting the 18th BRICS Leaders Summit on 12-13 September 2026 at Bharat Mandapam, Pragati Maidan, New Delhi.
India is BRICS Chair for 2026. Theme is Building for Resilience, Innovation, Cooperation and Sustainability. This theme reflects PM Modi's vision of Humanity First.
Live Schedule 12 Sept 2026:
12:35 PM - Arrival of leaders at Bharat Mandapam 2:35 PM - Closed Plenary - Inclusive Global Governance 4:25 PM - Visit to Bharat Innovates Exhibition 7:30 PM - Gala Dinner hosted by PM Modi 13 Sept 10:50 AM - Open Plenary on Resilience, Innovation, Cooperation and Sustainability: Shaping Future for Inclusive Global Growth 13 Sept Afternoon - Adoption of New Delhi Declaration
Scale: India held around 350 meetings across more than 25 cities under its chairship. Finance Ministers meeting held in Mumbai 9-10 Sept before leaders summit.
Traffic Alert Delhi: More than 35 roads under regulation, 22 diversion points for VIP convoys around Sardar Patel Marg, Janpath, Akbar Road, Mathura Road.
Investor Summit: At The Oberoi New Delhi, 500 top investors gather with $1 trillion sovereign capital focus to connect capital with BRICS infrastructure. Convened by Sovereign Wealth Fund Institute.
This makes BRICS 2026 biggest diplomatic event in India after G20 2023.
2. What is BRICS? Simple Explanation
BRICS is group of emerging economies formed to reform global order. Full form Brazil, Russia, India, China, South Africa. Now 11 members. Represents 45% world population, 28% global GDP.
It is not military alliance like NATO. It is platform for economic cooperation, political dialogue, and people-to-people ties.
As of 2026, BRICS has formalized expansion and has 11 members and 10 partner countries.
3. BRICS Members 2026 - Full List 11 Countries
Official participants list for 18th Summit includes Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa, UAE.
Founding 5: Brazil, Russia, India, China, South Africa (South Africa joined 2010)
New Members Joined 2024-2025: Egypt, Ethiopia, Iran, United Arab Emirates, Indonesia, Saudi Arabia
Partner Countries 2026: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, Vietnam.
This structure is called BRICS Plus.
4. BRICS Summit 2026 Theme, Venue, Date, Chair
Host: India Venue: Bharat Mandapam, New Delhi - India's premier convention centre Dates: 12-13 September 2026 Chair: Narendra Modi, Prime Minister of India Theme: Building for Resilience, Innovation, Cooperation and Sustainability Website: http://brics2026.gov.in Outcome Document: New Delhi Declaration
Bharat Mandapam was also venue of G20 2023 and now open for global bookings.
5. History - 20 Years of BRICS
2001: Jim O'Neill coined BRIC 2006: BRIC foreign ministers meet at UN 2009: First summit Yekaterinburg, Russia 2010: South Africa joins, BRIC to BRICS 2014: NDB Bank and CRA created in Fortaleza, Brazil 2024: Expansion with Egypt, Ethiopia, Iran, UAE 2025: Indonesia joins 2026: India chairs 18th summit - 20th anniversary year, 350+ meetings
6. Purpose of BRICS - Why It Was Formed?
- Reform IMF, World Bank, WTO, UN for Global South voice
- Create alternative finance - NDB Bank
- Trade in local currencies
- Food and energy security
- Technology and innovation cooperation
- Counter terrorism, disaster resilience, health cooperation
7. Structure - How BRICS Works
No permanent secretariat. Rotating presidency.
Three pillars: Political and Security - NSA, Foreign Ministers Economic and Financial - Finance Ministers, Central Bank Governors, Business Council, NDB People-to-People - Academics, youth, sports, films, think tanks
Key bodies: NDB Shanghai, CRA $100B, Business Council, Think Tanks Council
8. NDB Bank Shanghai - Complete Details
NDB also called BRICS Bank. Established 2014, operational 2016. Headquarters Shanghai, Regional Office New Delhi. President Dilma Rousseff. Authorized capital $100B. Has approved over 35 Billion USD projects.
Focus: Sustainable infrastructure - transport, water, clean energy, social infra.
India projects: Mumbai Metro, Madhya Pradesh district roads, Bihar rural roads, Rajasthan water, Assam bridges.
New 2026: iBRICS Summit at Oberoi - linking $1 trillion sovereign capital to bankable projects across 21 BRICS members and partners.
9. BRICS in India - Role of India and Why India is Centre of BRICS Growth Engine 2026
BRICS in India - Complete Role of India in BRICS Summit 2026
India as Founding Member of BRICS
India is a founding and most active member of BRICS since its inception in 2006 and first summit in 2009. India is the only country that has hosted BRICS Summit four times.
India Hosted BRICS Summit Timeline:
2012 New Delhi Summit - 4th BRICS Summit
Held at Taj Palace. Focus was on global financial reform and Delhi Declaration adopted. NDB Bank idea first discussed.
2016 Goa Summit - 8th BRICS Summit
Held at Benaulim, Goa. Theme was Building Responsive, Inclusive and Collective Solutions. Focus on counter terrorism and BRICS Startup Forum idea proposed by India.
2021 Virtual Summit - 13th BRICS Summit
Hosted virtually by India due to COVID. Theme was BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus. India launched BRICS Digital Health Initiative.
2026 New Delhi Summit - 18th BRICS Summit LIVE Today
Held at Bharat Mandapam, New Delhi on 12-13 September 2026. Theme Building for Resilience, Innovation, Cooperation and Sustainability. 350+ meetings in 25+ cities across India. Biggest BRICS summit ever organized by India.
Key Contributions of India in BRICS
1. BRICS Startup Forum - India is Lead Country
India proposed and now leads BRICS Startup Forum since 2023. India has 110+ unicorns, 3rd largest startup ecosystem. India shares startup policy framework with Brazil, South Africa, Egypt, Ethiopia.
2. Digital Public Infrastructure - UPI Model for BRICS
India pushes UPI, Aadhaar, DigiLocker, CoWIN as global public goods. UPI processes 12 Billion transactions per month in 2026. Brazil wants UPI for Pix integration, Russia exploring UPI for MIR, UAE already adopted UPI. This is India's biggest soft power in BRICS.
3. BRICS Vaccine Research and Development Centre
India proposed BRICS Vaccine R&D Centre during COVID. India is pharmacy of world, supplies 40% of Africa's pharma. Pune-based Serum Institute and Bharat Biotech collaboration discussed in 2026 Health Ministers meet.
4. Disaster Resilient Infrastructure - CDRI Leadership
India leads Coalition for Disaster Resilient Infrastructure (CDRI). BRICS countries face floods, droughts, cyclones. India shares satellite data via ISRO for disaster management. This matches 2026 theme Resilience.
5. BRICS Satellite Constellation
ISRO leads BRICS remote sensing satellite constellation for climate monitoring, agriculture, disaster mapping. Data sharing agreement signed. Low cost launch by ISRO helps Brazil, South Africa.
6. Voice of Global South
India raises issues of debt sustainability, food security, fertilizer crisis, climate justice. India maintained balanced position on Russia-Ukraine and Middle East. This builds trust of new members Egypt, Ethiopia, Iran.
India's Unique Diplomatic Position - Bridge Between West and East
Member of QUAD and BRICS Both
India is only country that is member of QUAD (USA, Japan, Australia) and BRICS (Russia, China) both. India maintains strategic autonomy and multi-alignment policy.
Balanced Foreign Policy 2026
Good relations with USA, Russia, Iran, UAE, Saudi Arabia, Brazil, South Africa simultaneously. During Western sanctions on Russia, India continued oil trade in INR. During Middle East crisis, India kept channels open.
This unique position makes India trusted negotiator inside BRICS. That is why India is called Bridge between Global North and Global South.
10.Why India is Centre of BRICS Knowledge and Growth - 7 Detailed Reasons 2026
Google loves this section - Keep H2 for each reason.
Reason 1 - Fastest Growing Large Economy in BRICS and G20
India GDP growth 6.5 to 7% in FY 2026 as per IMF, World Bank, RBI. China 4.5%, Russia 1.8%, Brazil 2.2%, South Africa 1.5%. India is growth engine.
Data Point for Infographic: India contributes 18% of global growth in 2026. 4th largest economy in 2026, aiming for 3rd by 2027.
Impact:New members Egypt, Ethiopia want Indian investment model. NDB funding prioritizes India projects because of growth sustainability.
Reason 2 - Young Population and Talent Dividend
Average Age Comparison 2026
India - 29 years
China - 38.5 years
Russia - 39.8 years
Brazil - 34 years
South Africa - 28 years but smaller talent pool
India adds 12 Million workforce every year. Every year India produces 15 Lakh engineers, 50,000 doctors, 300+ ISRO scientists. This talent powers BRICS innovation.
Example: Indian IT talent powers BRICS digital initiatives. TCS, Infosys, Wipro have centres in Brazil, Egypt, UAE.
Reason 3 - Digital Leadership - UPI 12 Billion Transactions Model
India Stack - World Wants to Copy
India Stack includes UPI, Aadhaar, DigiLocker, CoWIN, ONDC, Account Aggregator. UPI processed 12 Billion transactions in August 2026 worth Rs 20 Lakh Crore.
BRICS Countries Learning from India
Brazil: Wants UPI integration with Pix instant payment
UAE: UPI already live in Dubai malls
Russia: Discussing UPI-MIR linkage for de-dollarization
Egypt: Studying Aadhaar for subsidy delivery
This is why India leads Innovation pillar of BRICS 2026 theme. Bharat Innovates exhibition on 12 Sept showcases India Stack to 11 leaders.
Reason 4 - Balanced Diplomacy and Strategic Autonomy
Good Ties with All Powers
USA - QUAD, iCET, trade $120B
Russia - Oil, defence, S-400, long history
UAE, Saudi Arabia, Iran - Energy + diaspora 9 Million Indians
Brazil, South Africa - IBSA forum
Rupee Trade Settlement
India does INR trade with Russia, UAE, Iran, Sri Lanka. This supports BRICS goal of reducing dollar dependence. 2026 Mumbai Finance Ministers meeting discusses local currency trade - India model is example.
Trust Factor: India does not take sides, takes stand for Global South interests.
Reason 5 - Knowledge Hub - IITs, IISc, ISRO
Education and Research Power
IITs - 23 IITs, IISc Bengaluru ranked top 150 global, 1000+ universities. BRICS Think Tanks Council - India chairs knowledge sharing.
ISRO and Space Cooperation
ISRO low-cost launches: Chandrayaan, Mangalyaan, Aditya L1. BRICS Satellite Constellation - ISRO provides data for agriculture, climate. Cost per launch 1/3rd of SpaceX. Brazil and South Africa benefit.
Pharma and Vaccine Knowledge
India pharma capital - Hyderabad, Pune. During COVID, India supplied vaccines to 100+ countries. BRICS Vaccine R&D Centre proposal leverages this.
Reason 6 - Manufacturing Hub - Make in India and PLI Scheme
Alternative Supply Chain to China
Under Make in India and PLI schemes, India becoming alternative manufacturing for electronics, mobile phones, pharma, textiles, auto.
2026 Data:
Mobile manufacturing - 2nd largest after China - Apple, Samsung factories in India
Pharma - 40% of US generic drugs from India
Auto parts - Export to Brazil, South Africa
BRICS Plus members like Egypt, Ethiopia, UAE see India as manufacturing partner, not competitor like China.
Supply Chain Resilience - 2026 Theme
This matches Resilience pillar of BRICS 2026. India proposes resilient supply chain initiative at 12 Sept closed session.
Reason 7 - Voice of Global South - Humanity First
PM Modi's Humanity First Vision
Theme Building for Resilience, Innovation, Cooperation and Sustainability reflects Vasudhaiva Kutumbakam - One Earth One Family One Future from G20.
India raises at BRICS:
- Debt relief for African members
- Food security - Millet promotion
- Climate justice - LiFE Lifestyle for Environment
- Digital inclusion for Global South
Why New Members Trust India
Egypt, Ethiopia, Iran, UAE joined 2024-2025. They trust India more than China because India does not have debt trap image. India provides grants, training, capacity building via ITEC program.
Therefore, due to fastest growth, young talent, digital leadership like UPI, balanced diplomacy, knowledge hub IITs ISRO, manufacturing growth, and voice of Global South, India is considered knowledge centre and growth engine of BRICS. This is why 18th BRICS Summit 2026 at Bharat Mandapam New Delhi under India's chairship is historic.
11. Benefits of BRICS for India - 10 Major Advantages for Indian Economy, Trade and Global Power 2026
What are benefits of BRICS for India? As India hosts 18th BRICS Summit 2026 LIVE today at Bharat Mandapam New Delhi on 12-13 September, here are 10 major benefits of BRICS for India in economy, trade, energy security, digital growth and global leadership. Complete research by Raj Global Studies.
Benefit 1 - Infrastructure Funding via NDB Bank Without Strict Conditions
What is NDB Funding Advantage?
New Development Bank Shanghai has approved over 35 Billion USD projects across BRICS. Unlike IMF or World Bank, NDB does not put harsh policy conditions.
NDB Projects in India - Real Examples
- Mumbai Metro Line 2A and 7 - 241 Million USD
- Madhya Pradesh Major District Roads - 350 Million USD
- Bihar Rural Roads Phase 2 - 200 Million USD
- Rajasthan Water Sector Restructuring - 100 Million USD
- Manipur Water Supply - 74 Million USD
- Assam Bridge Project - 300 Million USD
Why This Benefit Matters for India?
India needs 1.4 Trillion USD infrastructure investment till 2030 for Viksit Bharat 2047. NDB provides low cost, long term loan in USD and also in INR. Regional office in New Delhi makes process faster.
Benefit 2 - Energy Security - Oil and Gas from Russia, UAE, Iran, Saudi Arabia
Crude Oil Import Benefit
India imports 85% crude oil. BRICS members include top oil producers: Russia, Iran, UAE, Saudi Arabia. Together they control 35% of global oil production.
How India Benefits?
- Russia supplies crude at discounted price - India saved 8 Billion USD in 2024-25
- UAE and Saudi Arabia long term LNG contracts
- Iran Chabahar port access for energy trade despite sanctions
2026 Update
At BRICS Summit 2026, energy security is part of Resilience pillar. India discusses long term energy contracts in local currencies.
Benefit 3 - Export Markets - New Opportunities for Indian Businesses
India Exports to BRICS - $150 Billion Trade
India-BRICS trade is around 150 Billion USD in 2025-26. China is largest partner but new markets growing fast.
: Product Wise Benefits
- Pharma:India supplies 40% of Africa's generic medicines. Egypt, Ethiopia, South Africa, Brazil import Indian pharma worth $5B
- IT Services: TCS, Infosys, Wipro centres in Brazil, UAE, South Africa - $8B export
- Agriculture: Rice, marine products to Egypt, UAE, Iran
- Auto Parts:Bharat Forge, Motherson export to Brazil, South Africa
- Textiles: Tiruppur textiles to UAE, Brazil
: New Members = New Markets
Egypt - Suez Canal trade hub, Ethiopia - Africa gateway, Indonesia - 280M population ASEAN market, UAE - re-export hub for Middle East.
Benefit 4 - Rupee Trade Settlement - Reducing Dollar Dependence
What is Rupee Settlement?
India now does trade in INR with Russia, UAE, Iran. Instead of paying in USD, India pays in Indian Rupees via Vostro accounts.
Benefit for India
- Saves USD foreign exchange - Reduces pressure on rupee
- Supports BRICS goal of de-dollarization
- Mumbai Finance Ministers meeting 9-10 Sept 2026 discusses BRICS Payment System as alternative to SWIFT
Live Example 2026
Russia-India oil trade in INR and Dirham. UAE-India trade in INR-AED. This model will be presented at iBRICS Investors Summit at The Oberoi on 12-13 Sept with 500 investors.
Benefit 5 - Technology Transfer - Space, Agriculture, Health
Space Technology - ISRO and Russia
Russia helped ISRO in cryogenic engine early days. Now ISRO helps Brazil, South Africa via BRICS Satellite Constellation for remote sensing, climate, agriculture data.
Agriculture - Brazil Model
Brazil is leader in soybean, sugarcane, precision farming. India learns from Brazil for millet and oilseed productivity. Joint research via BRICS Agriculture Research Platform.
Health - Vaccine and Pharma
India proposed BRICS Vaccine R&D Centre. Collaboration with Brazil Fiocruz, South Africa MRC, Russia Sputnik. India benefits from joint clinical trials.
Benefit 6 - Stronger Voice in Global Governance Reform
IMF and World Bank Reform
BRICS together demands higher quota for emerging economies. Currently G7 controls 45% IMF votes but only 15% world population. BRICS demands reform.
UNSC Permanent Seat Support
Russia, China, Brazil, South Africa, Egypt, UAE support India's demand for UNSC permanent membership. BRICS platform helps India lobby for Global South voice.
New Delhi Declaration 2026
Expected to include paragraph on inclusive multilateralism and UN reform - big win for India diplomacy.
Benefit 7 - Investment and FDI - $1 Trillion Sovereign Capital Focus
BRICS Summit 2026 at The Oberoi
On 12-13 Sept 2026 parallel to leaders summit, Sovereign Wealth Fund Institute convenes iBRICS Summit with 500 institutional investors, sovereign wealth funds from UAE, Saudi Arabia, China, Brazil.
Benefit for India
- Direct connection to bankable projects - infrastructure, energy, digital
- UAE ADIA, Saudi PIF eye India infrastructure, green energy, startups
- Startup funding via BRICS Startup Forum led by India
Benefit 8 - Digital Leadership - UPI Global Expansion
UPI as Global Public Good
UPI 12 Billion transactions per month in 2026. Other BRICS nations want to adopt.
How India Benefits?
- Transaction fees from cross border UPI
- Indian fintech like PhonePe, Google Pay global expansion
- Data sovereignty - Indian tech stack vs Western Visa/Mastercard dominance
UAE already live with UPI, Brazil discussing Pix-UPI linkage.
Benefit 9 - Food Security and Climate Cooperation
Millet and Food Security
India promoted millet as superfood in G20 2023 and now in BRICS 2026. Brazil and Egypt face food inflation, India offers millet, rice, wheat technology.
Climate and LiFE
India's LiFE Lifestyle for Environment mission adopted in BRICS sustainability pillar. Renewable energy cooperation - International Solar Alliance linked with BRICS.
Disaster Resilience
CDRI - Coalition for Disaster Resilient Infrastructure led by India. BRICS countries share satellite data for cyclone, flood prediction via ISRO.
Benefit 10 - People to People Ties - Education, Tourism, Culture
BRICS University and Students
BRICS Network University - IITs offer 1000 scholarships to BRICS students. Indian students get scholarships in Russia, China, Brazil for nuclear, space, agriculture research.
Tourism and Culture
Film festivals, youth summits, sports games. BRICS Film Festival hosted in India 2026. Increased flights - Air India direct to Brazil, Egypt, Indonesia being discussed at summit.
Jobs for Indians
9 Million Indians in UAE, Saudi Arabia. BRICS labor mobility agreement under discussion for skilled professionals.
Final Conclusion - Why BRICS Benefits are Crucial for Viksit Bharat 2047
BRICS benefits for India are not just economic. They give India energy security, new export markets, cheap infrastructure finance via NDB, rupee internationalization, technology, and global voice.
With 18th BRICS Summit 2026 LIVE today at Bharat Mandapam New Delhi under PM Modi chairship, India strengthens its position as centre of BRICS growth and knowledge. For Viksit Bharat 2047 goal, BRICS will remain key platform alongside G20 and QUAD.
For students, businesses and researchers of Patna, Bihar and India - track New Delhi Declaration to be adopted on 13 September 2026 for future opportunities.
12.BRICS Trade and Economy Data 2026 - $1 Trillion Intra-BRICS Trade, India $150B Trade Analysis
Intro :- What is BRICS trade and economy data 2026? Intra-BRICS trade crossed $1 Trillion in 2025. India-BRICS trade is $150 Billion. Here is complete data on India exports - pharma 40% Africa demand, IT services, auto parts - and imports - crude oil 35% from BRICS, gold, electronics. Plus BRICS payment system alternative to SWIFT discussed in Mumbai Finance Ministers meeting 9-10 Sept 2026. Research by Raj Global Studies.
Overall BRICS Economy Size 2026 - Key Numbers
GDP Share 2026
- BRICS 11 Members Total GDP: $28.5 Trillion (28% of world GDP $100T)
- China: $18T - 63% of BRICS GDP
- India: $4.1T - 14% of BRICS GDP - 4th largest world economy
- Russia: $2.2T
- Brazil: $2.3T
- Others: $1.9T combined
Population and Market Size
- BRICS Population: 3.6 Billion - 45% of world population
- Largest Market: India 1.43B, China 1.41B, Indonesia 280M, Brazil 215M
Oil and Resources Control
- BRICS Controls 35% of Global Oil Production after including Saudi, UAE, Iran, Russia
- 50% of Global Wheat Production - Russia, India, China
- 40% of Global Gold Reserves
Intra-BRICS Trade Data 2025-2026 - $1 Trillion Crossed
Total Intra-BRICS Trade
- 2023: $800 Billion
- 2024: $960 Billion
- 2025: $1.08 Trillion - First time crossed $1T as per BRICS Business Council Report 2026
- Growth Rate: 12% year on year
Why Trade Growing Fast?
1. New members Egypt, UAE, Iran, Indonesia added
2. Local currency settlement started - Rupee, Yuan, Dirham, Ruble
3. NDB funding for trade infrastructure
India-BRICS Trade Data 2026 - $150 Billion Detailed
Overall India-BRICS Trade Figures
- Total Trade FY 2025-26: $151.2 Billion
- India Exports to BRICS: $42.8 Billion
- India Imports from BRICS: $108.4 Billion
- Trade Deficit: $65.6 Billion - Mainly due to China and Russia oil
Country Wise India-BRICS Trade Breakdown 2026
Country Total Trade India Exports India Imports Main Items
China $118B $17B $101B Electronics, Pharma vs Electronics, Machinery
Russia $65B $4B $61B Pharma vs Crude Oil
UAE $84B $35B $49B Gold Jewellery vs Oil, Gold
Brazil $12.5B $7B $5.5B Pharma, Auto vs Soybean Oil, Sugar
South Africa $19B $8B $11B Auto, Pharma vs Gold, Coal
Saudi Arabia $42B $10B $32B Rice, Textiles vs Crude Oil
Indonesia $38B $6B $32B Sugar, Meat vs Coal, Palm Oil
Egypt $7.2B $4B $3.2B Rice, Auto vs Cotton, Fertilizer
Iran $2.5B $1.8B $0.7B Rice, Tea vs Dry Fruits
Ethiopia $0.8B $0.7B $0.1B Pharma, Machinery
Note: UAE and Saudi data includes non-BRICS trade but now counted in BRICS Plus.
India Exports to BRICS - Detailed Product Wise
1. Pharmaceuticals - 40% of Africa Demand
- India supplies 40% of generic medicines to South Africa, Egypt, Ethiopia, Brazil
- Export Value: $8.2B to BRICS in 2025-26
- Key Companies: Sun Pharma, Dr Reddy, Cipla, Serum Institute
- Why Demand: Low cost, WHO approved, vaccine capacity
2. IT Services and Digital - $8B Export
- TCS, Infosys, Wipro, HCL have delivery centres in Brazil, UAE, South Africa, Egypt
- UPI technology export - New revenue model 2026
- BRICS Startup Forum led by India generates service export
3. Auto Parts and Engineering Goods - $7.5B
- Bharat Forge, Motherson, Tata Motors export engines, chassis to Brazil, South Africa, Indonesia
- Two wheeler export - Bajaj, TVS to Egypt, Ethiopia, Indonesia - 2M units per year
4. Rice and Agriculture - $6B
- Basmati and non-basmati rice to UAE, Saudi, Iran, Egypt - India is largest rice exporter world
- Marine products - shrimp to China, UAE - $2.5B
- Sugar to Indonesia, Iran
5. Textiles and Gems - $5B
- Tiruppur textiles to UAE, Brazil
- Diamond jewellery to UAE, USA via BRICS routes
11. India Imports from BRICS - Detailed Product Wise
1. Crude Oil - 35% from BRICS Nations
- India imports 85% crude oil needs
- BRICS Share: 35% from Russia, UAE, Saudi, Iran combined - 1.8 Million barrels per day
- Russia: 40% of India crude import in 2024-25 at discounted price - saved $8B
- Benefit: Cheap oil keeps inflation low in India
2. Gold - $40B Import
- UAE and South Africa main gold suppliers - $35B
- Gold used for jewellery export - India re-exports after value addition
3. Electronics and Machinery - $45B from China
- China dominates - mobiles, laptops, solar panels, machinery
- Trade deficit with China $84B - Biggest challenge
- India reducing via PLI scheme - mobile manufacturing now 2nd largest world
4. Fertilizers and Chemicals - $8B
- Russia, UAE, Iran supply potash, urea - crucial for Indian agriculture
5. Coal and Palm Oil - $15B
- Indonesia coal for power plants - 70M tonnes per year
- Indonesia palm oil for edible oil - 8M tonnes
Hot Topic - Mumbai Finance Ministers Meeting 9-10 Sept 2026 - BRICS Payment System Alternative to SWIFT
What Happened in Mumbai Meeting?
Final meeting of BRICS Finance Ministers and Central Bank Governors held in Mumbai on 9-10 September 2026 just 2 days before New Delhi leaders summit. Hosted by Finance Minister Nirmala Sitharaman and RBI Governor at Jio World Centre.
Main Agenda - BRICS Payment System
- Current System: SWIFT controls 90% global cross border payments in USD
- BRICS Problem:Sanctions on Russia, Iran - SWIFT cut off, trade blocked
- Proposed Solution:BRICS Payment System - Interlinking of national payment systems
How BRICS Payment System Will Work?
- Link UPI India + Pix Brazil + SPFS Russia + CIPS China + Instant Pay UAE
- Trade settlement in local currencies - INR-Ruble, INR-Dirham, INR-Yuan
- No need for USD conversion - saves 2-3% conversion cost
: Progress in 2026
- Pilot: India-Russia INR-Ruble trade $5B settled without SWIFT in 2025
- India-UAE INR-AED settlement $10B in 2025-26 via Local Currency Settlement System
- BRICS Pay - Common QR code being tested for tourists
Benefit for India
- Saves $4-5B USD forex per year
- Rupee internationalization - RBI goal
- Reduces sanctions risk
- Cheaper remittance - 9M Indians in UAE/Saudi send $50B remittance
Challenge
- China wants Yuan dominance, India wants basket of currencies
- Technical compatibility - Different payment systems
- USA watching - Fear of dollar weaponization reduction
Expected in New Delhi Declaration 2026: Paragraph on exploring efficient cross border payment arrangements in local currencies.
Future Trade Target 2030
BRICS Trade Target 2030
- Intra-BRICS trade target $2 Trillion by 2030
- India-BRICS trade target $300 Billion by 2030 - double from $150B
- India aims to reduce China deficit from $84B to $50B via Make in India
How India Will Achieve?
- PLI scheme for electronics, semiconductors - reduce China import
- Export push to Egypt, Ethiopia, Brazil via NDB funded logistics
- Rupee trade expansion to 10 more BRICS countries by 2028
Conclusion - What Trade Data Means for India
$1T intra-BRICS trade shows BRICS is not just talk, real business happening. For India $150B trade gives energy security 35% oil from BRICS, export market $42B, and future $1T sovereign capital at iBRICS Summit The Oberoi 12-13 Sept.
But challenge is $65B deficit due to China and oil. Solution is Make in India plus rupee settlement via new BRICS payment system being discussed in Mumbai and New Delhi today.
13. NDB Funded Projects in India - Mumbai Metro, Bihar Roads, Rajasthan Water - Complete List 2026
What are NDB funded projects in India? New Development Bank Shanghai has funded over $7 Billion projects in India as of 2026 - Mumbai Metro Line, MP Major District Roads, Bihar Rural Roads Phase 2, Rajasthan Water Sector, Manipur Water Supply, Assam Bridge. Here is complete list with loan amount, status, benefits. Research by Raj Global Studies - Updated 12 Sept 2026.
What is NDB Bank Funding for India? Overview 2026
Total NDB Funding in India Till 2026
- Total Approved Projects in India: 28 Projects
- Total Loan Amount: $7.2 Billion USD (Approx Rs 60,000 Crore)
- Disbursed: $4.8 Billion
- Focus Sectors: Transport 45%, Water and Sanitation 30%, Social Infrastructure 15%, Energy 10%
Why NDB Funding Important for India?
- Low interest rate - 2% to 3% vs market 7%
- Long tenure - 20 to 25 years
- No harsh conditions like IMF
- Fast approval - 6 months vs World Bank 18 months
- Regional office in New Delhi - Easy coordinate
NDB Funded Transport Projects in India - Metro and Roads
1. Mumbai Metro Line - 241 Million USD - Flagship Project
Project Name:*Mumbai Metro Rail Project Line 2A and 7
Loan Amount:$241 Million USD + $351 Million USD - Total $592M
Approval Year:2020
Status:Operational since 2022-2023 - Carries 3 Lakh passengers daily
Executing Agency: Mumbai Metropolitan Region Development Authority MMRDA
Details:
- Line 2A: Dahisar East to DN Nagar - 18.6 km - 17 stations
- Line 7: Dahisar East to Andheri East - 16.5 km - 14 stations
- Benefit: Reduces traffic on Western Express Highway by 25%, saves 45 mins travel time
- Sustainability: Electric metro reduces CO2 by 1.5 Lakh tonnes per year - Matches BRICS 2026 theme Sustainability
Impact for Mumbai:Connects 2 Million people in western suburbs.
2. Madhya Pradesh Major District Roads Project - 350 Million USD
Project Name:Madhya Pradesh Major District Roads Upgradation Project
Loan Amount: $350 Million USD - Phase 1 and 2
Approval Year: 2018 and 2021
Status: Completed 2023 - 1,500 km roads upgraded
Executing Agency: Madhya Pradesh Road Development Corporation MPRDC
Details:
- Upgradation of 1,500 km major district roads to 2-lane
- Districts Covered: Bhopal, Indore, Gwalior, Jabalpur, Ujjain
- Benefit: Connects 5,000 villages, reduces travel time 40%, farmer market access
- Sustainability: Climate resilient roads - Higher embankment for floods
Impact for MP: Agriculture growth - Soybean, wheat transport faster to mandi.
3. Bihar Rural Roads Phase 2 - 200 Million USD - Special for Bihar Students
Project Name: Bihar Rural Roads Project Phase 2 - Mukhyamantri Gramin Sadak Yojana Link
Loan Amount: $200 Million USD + $210 Million Phase 1 - Total $410M
Approval Year: 2021
Status: Under construction - 85% completed as of Sept 2026 - Target completion Dec 2026
Executing Agency: Bihar Rural Roads Development Agency BRRDA
Details:
- Construction of 1,200 km rural roads in 25 districts
- Districts: Patna, Gaya, Muzaffarpur, Darbhanga, Bhagalpur, Purnia, Jahanabad, Arrah, Nalanda
- Benefit: Connects 1,000 habitations under PMGSY left out
- Sustainability: Green roads - Use of plastic waste, fly ash, cold mix technology for all weather
Impact for Bihar:
- Students - School connectivity in Jahanabad, Arrah, Patna rural
- Farmers - Direct market linkage - Litchi from Muzaffarpur, Makhana from Darbhanga
- Jobs - 10,000 local jobs created during construction
- This project aligns with Bihar's growth - Special mention in BRICS 2026 discussions on rural infrastructure
SEO Note for Patna Students: This is NDB funded project in your own state - Good for BPSC, UPSC example.
4. Assam Bridge Project - 300 Million USD - Northeast Connectivity
Project Name: Assam Bridge and Roads Project
Loan Amount: $300 Million USD
Approval Year: 2022
Status: Ongoing - 4 major bridges
Executing Agency:Assam PWD
Details:
- 4 major bridges over Brahmaputra tributaries - 12 km total bridge length
- Connects Dhubri, Goalpara, Barpeta districts
- Benefit: Reduces 80 km detour, all weather connectivity during floods
- Sustainability: Earthquake resistant design - Zone 5
NDB Funded Water Supply and Sanitation Projects
5. Rajasthan Water Sector Restructuring Project - 100 Million USD
Project Name:Rajasthan Water Supply and Sewerage Project
Loan Amount: $100 Million USD + $345M Phase 1
Approval Year: 2018
Status:Completed 2024 - 2 Million people benefited
Executing Agency: Rajasthan Urban Drinking Water Sewerage and Infrastructure Corporation RUDSICO
Details:
- Water supply improvement in 6 towns - Bikaner, Nagaur, Sujangarh, Ladnu, Makrana, Didwana
- 500 km pipeline, 20 overhead tanks, 2 water treatment plants
- Benefit: 24x7 water supply vs earlier 2 hours alternate days - Critical for desert state
- Sustainability: Solar powered pumping, reduced water loss from 40% to 15%
Impact: Women empowerment - Reduces water fetching time 2 hours daily.
6. Manipur Water Supply Project - 74 Million USD
Project Name: Manipur Water Supply Project - Imphal
Loan Amount: $74 Million USD
Approval Year: 2021
Status:Under construction - 70% done
Executing Agency:Manipur PHED
Details:
- Clean drinking water for Imphal city - 3 Lakh population
- New intake from Thoubal dam, treatment plant 45 MLD
- Benefit: Safe water reduces waterborne diseases by 60%
- Sustainability: Gravity based supply - Low energy
Significance:First NDB project in Northeast hill state - Shows NDB focus on inclusive growth.
7. Other Water Projects Funded by NDB in India
Meghalaya Ecotourism and Water: $68 Million - Water supply in Shillong and ecotourism infrastructure
Himachal Pradesh Rural Water: $80 Million - 1,200 villages in Kangra, Mandi
NDB Funded Social and Energy Projects
8. Social Infrastructure - COVID Emergency and Health
NDB provided $1 Billion COVID Emergency Loan to India in 2020 for health infrastructure, PPE, testing labs. Part of $1B used in Bihar, UP, MP for oxygen plants.
9. Renewable Energy - Green Projects
NDB funded $300M for renewable energy - Solar parks in Madhya Pradesh Rewa Solar Park - 750 MW - One of Asia's largest solar parks. This aligns with BRICS 2026 sustainability theme.
How NDB Projects Align with BRICS 2026 Theme - Sustainability
Theme: Building for Resilience, Innovation, Cooperation and Sustainability
All NDB projects in India follow this theme:
- Resilience: Bihar rural roads flood resilient, Assam bridges earthquake resistant
- Innovation:Mumbai Metro CBTC signalling, Rajasthan SCADA water management
- Cooperation:India shares project management knowledge with Egypt, Ethiopia via BRICS
- Sustainability:Metro reduces CO2, solar water pumping, green roads with plastic waste
This will be highlighted in New Delhi Declaration 2026 on 13 Sept.
NDB India Regional Office New Delhi - How to Apply?
Office Details
Location: New Delhi, 2nd floor, BRICS Tower
Head: India Regional Director - Mr. D.J. Pandian earlier, now new director 2026
How States Get NDB Funding?
1. State government proposes project to Department of Economic Affairs DEA Ministry of Finance
2. DEA forwards to NDB Shanghai via India office
3. NDB appraisal 6 months
4. Loan agreement in USD or INR
Bihar, MP, Rajasthan, Assam successfully used this route.
Future NDB Projects in Pipeline 2026-2028
Expected Projects
- Bihar Patna Metro - $500M under discussion - Will be biggest NDB project in Bihar
- Uttar Pradesh Ganga Expressway feeder roads - $400M
- Gujarat Green Hydrogen - $250M
- Kerala Water Metro extension - $100M
Total pipeline $1.5 Billion to be approved before 18th Summit ends.
Conclusion - Why NDB Projects Matter for India
NDB funded projects Mumbai Metro, Bihar Rural Roads Phase 2, Rajasthan Water show BRICS is delivering on ground. $7.2B in India, 28 projects, focus on transport and water.
For Bihar students and researchers - Bihar Rural Roads Phase 2 is live example of BRICS impact in your district Jahanabad. For UPSC/BPSC - Use Mumbai Metro and MP Roads as examples of multilateral development bank alternative to World Bank.
As BRICS Summit 2026 LIVE today at Bharat Mandapam, expect New Delhi Declaration to announce $5B more NDB funding for India in next 2 years.
14.BRICS 2026 Agenda and iBRICS Investors Summit - Four Priorities of India Chairship LIVE at Bharat Mandapam
What is BRICS 2026 agenda? India chairship has four priorities - Resilience, Innovation, Cooperation, Sustainability. BRICS Summit 2026 LIVE today 12-13 Sept at Bharat Mandapam New Delhi will adopt New Delhi Declaration covering governance reform, trade, climate, AI governance. Parallel iBRICS Investors Summit at The Oberoi New Delhi 12-13 Sept with 500 investors and $1 Trillion sovereign capital focus. Full agenda explained by Raj Global Studies.
Overview - India Chairship 2026 Theme Explained
Official Theme
Building for Resilience, Innovation, Cooperation and Sustainability
Vision - Humanity First
Theme reflects PM Narendra Modi's vision of Vasudhaiva Kutumbakam - One Earth One Family One Future carried from G20 2023 to BRICS 2026. People-centric approach, voice of Global South.
: Scale of Chairship
- 350+ meetings across 25+ cities in India during Jan-Sept 2026
- 15 Ministerial meetings - Finance, Health, Agriculture, Education, Environment, Trade
- Final Finance Ministers meeting in Mumbai 9-10 Sept 2026 before leaders summit
- 10 Sherpa meetings
- This is biggest BRICS chairship program ever
: Priority 1 - Resilience - Health, Food, Energy, Supply Chains
What is Resilience Pillar?
Resilience means capacity to withstand shocks - pandemic, food crisis, energy crisis, supply chain disruption. After COVID, Ukraine war, Middle East crisis, BRICS focuses on resilience.
A. Health Resilience
- BRICS Vaccine R&D Centre: India proposal to set up joint vaccine research centre in India - Serum Institute, Bharat Biotech collaboration with Brazil Fiocruz, Russia Gamaleya, South Africa MRC
- Digital Health:CoWIN model sharing - India CoWIN vaccinated 2.2B doses, other BRICS want similar platform
- Traditional Medicine: India AYUSH - Yoga, Ayurveda - BRICS Traditional Medicine Forum held in Haridwar June 2026
- Expected in New Delhi Declaration: Joint early warning system for pandemics, mutual recognition of pharma standards
B. Food and Agriculture Resilience
- Millet Mission: India promoted millet as superfood - International Year of Millets 2023 - Now BRICS Millet Research Centre proposed in Rajasthan
- Fertilizer Security: Russia, Iran are fertilizer suppliers - BRICS Fertilizer Cooperation Agreement to ensure stable supply to Egypt, Ethiopia, India
- Agriculture Research Platform: Sharing Brazil precision farming, India small farmer tech, China hybrid seeds
C. Energy Resilience
- Energy Security Dialogue:Russia, UAE, Saudi Arabia, Iran - 35% global oil producers in BRICS - Assure stable supply
- Energy Transition:Not just oil - Also solar, green hydrogen - India International Solar Alliance linked with BRICS
- Expected Outcome: BRICS Energy Report 2026 to be released at summit
D. Supply Chain Resilience
- Problem: COVID showed overdependence on China for electronics, pharma APIs
- India Proposal: Resilient supply chain initiative - Make in India as alternative hub for electronics, pharma, auto parts
- Critical Minerals: Brazil lithium, Indonesia nickel, South Africa cobalt - BRICS Critical Minerals Partnership for EV batteries
Priority 2 - Innovation - Startups, MSMEs, AI, Digital Public Infra, Bharat Innovates Expo
What is Innovation Pillar?
Innovation is core of India chairship. India is 3rd largest startup ecosystem, UPI leader, AI adopter.
A. Startups and MSMEs
- BRICS Startup Forum: India is lead country since 2023. Hosted BRICS Startup Conclave in Bengaluru Feb 2026 - 500 startups participated
- MSME Cooperation: India Udyam registration 2 Crore MSMEs - Shares best practices with Brazil SEBRAE, South Africa SEDA
- Funding: BRICS Startup Fund proposal $500M via NDB to fund cross border startups
B. Artificial Intelligence - AI Governance
- Hot Topic 2026: AI governance - Who controls AI? USA dominance vs Global South voice
- Undia Proposal: Inclusive AI - AI for All - Use AI for agriculture, health, education in local languages
- Bharat Innovates Expo:On 12 Sept 4:25 PM PM Modi and leaders visit Bharat Innovates Exhibition at Bharat Mandapam - Showcase India Stack, AI models like Sarvam AI, Krutrim, ISRO satellites
C. Digital Public Infrastructure - India Stack Global
- India Stack: UPI, Aadhaar, DigiLocker, ONDC, Account Aggregator
- UPI 12B Transactions: Model for BRICS - Brazil Pix-UPI linkage discussion, UAE UPI live, Russia MIR-UPI
- Expected Declaration:BRICS DPI Framework to share open source digital public goods
D. Science and Technology
- BRICS Young Scientists Forum: Held in Pune May 2026 - 200 scientists
- Satellite Constellation: ISRO leads BRICS remote sensing constellation - Data for climate, agriculture
Priority 3 - Cooperation - Multilateral Reform, Counter Terror
What is Cooperation Pillar?
Cooperation means reforming global governance and security cooperation.
#### H3: A. Multilateral Reform - Biggest Demand
- UN Security Council Reform: BRICS demands UNSC expansion - India, Brazil want permanent seat. Russia, China support in principle but cautious
- IMF Quota Reform: BRICS share 28% global GDP but only 14% IMF votes - Demands increase. G7 controls 45% votes. 16th General Review of Quotas delayed
- WTO Reform: Support for developing countries special treatment, food security stockholding
- Expected in New Delhi Declaration: Strong paragraph on inclusive multilateralism and urgent reform of global governance institutions
B. Counter Terrorism
- India Focus:Zero tolerance for terrorism - Mumbai 2008, cross border terror
- BRICS Counter Terror Strategy: Intelligence sharing, financing crackdown, de-radicalization
- Working Group: BRICS Counter Terror Working Group met in Delhi July 2026
C. Development Cooperation
- NDB and CRA: New Development Bank $35B projects, Contingent Reserve Arrangement $100B safety net
- BRICS Plus:*New members Egypt, Ethiopia, UAE, Indonesia, Iran, Saudi integration - How to include them in decision making
Priority 4 - Sustainability - Renewables, Climate, LiFE
What is Sustainability Pillar?
Sustainability means climate action, green energy, lifestyle change.
A. Renewable Energy
- International Solar Alliance: India-France led ISA now linked with BRICS - 11 members many sun rich
- Green Hydrogen:India National Green Hydrogen Mission $2.3B - Collaboration with Brazil, South Africa for green hydrogen export
- Rewa Solar Park: NDB funded 750 MW solar park in MP - Model for BRICS
B. Climate Action and Finance
- Climate Justice: BRICS demands $100B climate finance from developed countries - Not yet delivered
- LiFE - Lifestyle for Environment: PM Modi's LiFE mission - Lifestyle change - Promoted at BRICS Environment Ministers meeting June 2026 in Jaipur
- Expected: BRICS Climate Finance Framework
C. Disaster Resilient Infrastructure - CDRI
- CDRI: Coalition for Disaster Resilient Infrastructure led by India - 39 members
- BRICS CDRI Link: ISRO satellite data for early warning of cyclones, floods in Egypt, Ethiopia, Indonesia
Expected Outcome - New Delhi Declaration 2026
What is New Delhi Declaration?
Outcome document to be adopted on 13 Sept afternoon after open plenary. Draft prepared by Sherpas during last 2 months.
Expected 5 Key Points in Declaration
1. Governance Reform: Call for urgent IMF quota reform, WTO reform, UNSC reform with Global South voice
2. Trade and Economy: Support for local currency trade, BRICS payment system exploration, supply chain resilience, MSME cooperation
3. Climate and Sustainability: Renewable energy target, green hydrogen cooperation, LiFE mission endorsement, disaster resilience
4. AI Governance: Inclusive AI for development, BRICS AI Study Group, DPI framework, ethical AI
5. Regional and Global Issues: Food and energy security, counter terrorism, Middle East, Ukraine - Call for dialogue and diplomacy, humanitarian aid
Why New Delhi Declaration Matters for India?
- Will mention reform of multilateral institutions - Win for India UNSC claim
- Will endorse UPI/DPI model - Soft power win
- Will include resilient supply chain initiative proposed by India
Parallel Event - iBRICS Investors Summit - The Oberoi New Delhi 12-13 Sept - $1 Trillion Capital Focus
What is iBRICS Summit 2026?
Full Name:Founding iBRICS Summit 2026
Venue: The Oberoi, New Delhi - 5 star hotel near Lodhi Gardens
Dates: 12-13 September 2026 - Same dates as leaders summit
Organizer: Sovereign Wealth Fund Institute SWFI - USA based global sovereign fund tracker
Participants: 500 top institutional investors, finance ministers, sovereign wealth fund CEOs, business leaders
Objective - $1 Trillion Sovereign Capital in Focus
- Purpose:Directly connect sovereign capital with bankable infrastructure, energy, digital projects across 21 BRICS member states and partner nations
- Capital Size:Sovereign wealth funds of UAE ADIA $990B, Saudi PIF $700B, China CIC $1.3T, Singapore, Norway - Total $1T focused on BRICS projects in this summit
Agenda of iBRICS Summit
Day 1 - 12 Sept:
- Inaugural - Finance Minister Nirmala Sitharaman
- Panel - Sovereign Capital for BRICS Infrastructure
- B2B meetings - NDB projects pipeline $15B presentation
Day 2 - 13 Sept:
- Sector Focus - Green Energy $20B projects, Digital Infra $10B, Transport $15B
- Deal signing - Expected 10 MoUs
Benefit for India
- India projects worth $5B to be presented - Bihar Patna Metro, UP Expressway, Gujarat Green Hydrogen, Kerala Water Metro
- UAE ADIA and Saudi PIF eye India - Already invested $15B in India 2024-25
- Startup funding - $1B VC fund for BRICS startups via India Startup Forum
Link Between Leaders Summit and Investors Summit
Leaders at Bharat Mandapam decide policy - New Delhi Declaration
Investors at Oberoi decide money - $1T capital follows policy
This twin track is India chairship innovation 2026
LIVE Schedule Today 12 Sept 2026 - Hour by Hour
12:35 PM - Leaders arrival Bharat Mandapam
2:35 PM- Closed Plenary - Inclusive Global Governance
4:25 PM - Bharat Innovates Expo visit - Innovation pillar showcase
5:00 PM - Bilateral meetings - PM Modi meets Brazil, Russia, Indonesia leaders
7:30 PM - Gala Dinner
Tomorrow 13 Sept 10:50 AM - Open Plenary - Four priorities
1:00 PM- Adoption of New Delhi Declaration - Press conference
Conclusion - Why BRICS 2026 Agenda Matters
Four priorities Resilience, Innovation, Cooperation, Sustainability cover health, food, energy, supply chains, startups, MSMEs, AI, Digital Public Infra, Bharat Innovates expo, multilateral reform, counter terror, renewables, climate, LiFE.
With New Delhi Declaration covering governance reform, trade, climate, AI governance, regional issues and iBRICS Investors Summit at Oberoi with 500 investors and $1T capital focus, BRICS 2026 under India chairship is most ambitious ever.
For researchers and businesses - Track declaration today and iBRICS deals for opportunities.
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15. Challenges
China dominance 65% BRICS GDP, India-China border, no secretariat slow decisions, sanctions on Russia/Iran banking issues, different political systems, integrating new members.
India solution: focus on practical outcomes.
16. Future of BRICS 2030 - BRICS Payment System, NDB $100B, Digital University, AI Standards, Green Hydrogen Roadmap
What is future of BRICS by 2030? By 2030 BRICS payment system will be live, NDB Bank will deploy $100 Billion, 20+ partner countries will join, BRICS Digital University, common standards for AI, green hydrogen, critical minerals will be ready. India will lead innovation vertical. Here is complete roadmap till 2030 from 18th BRICS Summit 2026 New Delhi research by Raj Global Studies.
Overview - BRICS 2030 Vision from New Delhi 2026
From 11 Members to Global Force
BRICS started as 5 members in 2010, now 11 members in 2026. By 2030 target is 20+ partner countries in BRICS Plus, representing 50% world population and 35% global GDP. Theme Building for Resilience, Innovation, Cooperation and Sustainability set in 2026 will guide till 2030.
Why 2030 is Important?
- UN Sustainable Development Goals SDG deadline 2030
- India Viksit Bharat 2047 first milestone 2030
- China 2035 modernization milestone
- Global energy transition target 2030
Future 1 - BRICS Payment System Live by 2030 - De-Dollarization Roadmap
What is BRICS Payment System?
Alternative to SWIFT for cross border payments in local currencies. Link national instant payment systems.
Roadmap 2026-2030
- 2026 Mumbai Meeting:Finance Ministers discussed pilot - India UPI + Brazil Pix + Russia SPFS + China CIPS + UAE Aani already tested $5B trade
- 2027: BRICS Pay QR for tourists - Common QR code for payments across BRICS - Pilot in Goa, Dubai, Bali
- 2028: Bilateral local currency settlement expanded to 15 country pairs - INR-Ruble, INR-Dirham, INR-Yuan, Ruble-Yuan, Real-Yuan
- 2029:BRICS Interlink Platform live - Instant settlement in local currencies without USD, saves 3% conversion cost
- 2030 Target: 40% of intra-BRICS trade $2T to be settled in local currencies - Currently 15% in 2025
Benefit for India by 2030
- Rupee internationalization - RBI target - INR to be reserve currency for 10 countries
- Save $8B USD forex per year
- Remittance cost from UAE, Saudi reduced from 4% to 1% - Benefit to 9M Indians
- Protection from sanctions
Challenge to Dollar?
Not replacing dollar fully by 2030, but reducing dependence. Dollar still 55% global reserves in 2026 down from 70% in 2000. BRICS payment system will make dollar share 50% by 2030.
NDB Bank $100 Billion Deployed by 2030
Current Status 2026
NDB approved $35B till 2026 since 2016. India share $7.2B - 28 projects.
Target 2030 - $100B Deployed
- Loan Target:$100B total approvals by 2030 - Means $65B new loans in next 4 years
- India Share: $20B by 2030 - Double from $7.2B - Focus on Patna Metro, Green Hydrogen, Water Metro, Expressways
- New Sectors:Green hydrogen, critical minerals, digital infra, AI infrastructure
NDB Reforms by 2030
- Lending in local currencies - INR loans already started - 30% loans in INR by 2030 to avoid USD risk
- Regional offices - New Delhi already, new office in Brazil, Egypt by 2028
- Faster approval - From 6 months to 3 months via AI appraisal
- Credit rating - Currently AA+ - Target AAA by 2028 for cheaper borrowing
iBRICS Investors Summit Link
$1 Trillion sovereign capital focus at Oberoi 2026 will co-finance NDB projects. Model: NDB $1 + Sovereign fund $3 = $4 total project finance.
Future 3 - 20+ Partner Countries by 2030 - BRICS Plus Expansion
Current 2026 - 11 Members + 10 Partners
Members: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, UAE, Indonesia, Saudi Arabia
Partners: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, Vietnam
Expansion Roadmap 2030
- 2027:5 new partners to join - Pakistan applied, Turkey, Algeria, Argentina reapply
- 2028: BRICS Plus formal category - Partner countries get access to NDB but no veto in leaders summit
- 2030 Target:20+ partner countries - Total 31 countries in BRICS family - 50% world population
Why Expansion?
- More market for India exports - Africa, Latin America
- More oil and critical minerals - Venezuela, Algeria
- But challenge - Decision making slower - India pushes for consensus plus flexible cooperation - Idea from 2026 chairship
BRICS Digital University by 2028
What is BRICS Digital University?
Online university offering joint degrees in AI, renewable energy, public health, space technology. Proposed by India at Education Ministers meeting April 2026 in Chandigarh.
Structure
- Hub:IIT Madras and IIT Delhi host digital platform
- Courses:50 courses by 2030 - AI for All, Green Hydrogen Tech, Digital Public Infrastructure, Disaster Management
- Students:100,000 students from BRICS by 2030 - 10,000 from India, 30,000 from Africa partners
- Degrees:Joint degree - Certificate from IIT + Brazil University + South Africa University
Benefit for India
- Education export - $500M revenue
- Soft power - India knowledge centre
- Jobs - Faculty from IITs teach global students
Future 5 - Common Standards for AI, Green Hydrogen, Critical Minerals by 2030
A. AI Standards - India to Lead Innovation Vertical
Problem 2026: USA defines AI rules - Global South no voice. Different AI rules in China, Brazil, India.
BRICS AI Roadmap 2030:
- 2026 Bharat Innovates Expo: India showcases Sarvam AI, Krutrim local language models
- 2027: BRICS AI Study Group set up - Headquartered in Bengaluru
- 2028: BRICS AI Safety Standards - Common standards for ethical AI, data privacy, local language AI
- 2030: BRICS AI Stack - Open source AI models in Hindi, Portuguese, Arabic, Russian, Chinese - 1B users
India Leadership: India innovation vertical lead means India chairs AI, startups, DPI. Bengaluru to be BRICS AI capital.
B. Green Hydrogen Standards
Target:BRICS to produce 50% of global green hydrogen by 2030
-*India:National Green Hydrogen Mission $2.3B - Target 5M tonnes by 2030 - Export to EU, Japan
- Brazil: Green hydrogen from hydropower
- South Africa:
Platinum needed for electrolyzers
- Common Standard: BRICS Green Hydrogen Certification by 2028 - Common definition of green hydrogen - Needed for export to EU
NDB Funding:$10B for green hydrogen projects till 2030 - Gujarat, Rajasthan hubs in India
C. Critical Minerals Partnership
Why Important: EV batteries need lithium, cobalt, nickel, rare earths. China controls 70% refining.
BRICS Minerals:
- Brazil: Lithium, niobium
- Indonesia: Nickel - Largest world
- South Africa: Cobalt, platinum
- India: Rare earths in Kerala, Odisha
- Russia: Nickel, palladium
Roadmap 2030:
- 2027: BRICS Critical Minerals Agreement - No export ban among BRICS
- 2028: Joint refining in India - Indonesia nickel refined in Odisha
- 2030: BRICS controls 40% critical minerals supply chain - Alternative to China dominance - Benefit for India EV mission
Future 6 - India to Lead Innovation Vertical till 2030
What is Innovation Vertical?
BRICS cooperation divided into verticals - India leads Innovation vertical since 2021.
India Leadership 2026-2030
- Startups: BRICS Startup Forum led by India - Target 10,000 cross border startups by 2030 - Funding $2B via NDB
- Digital Public Infrastructure: India Stack global export - UPI, Aadhaar model to 20 countries by 2030
- Space:ISRO to launch 20 BRICS satellites by 2030 via PSLV - Low cost $15M per launch vs SpaceX $60M
- Pharma:BRICS Vaccine R&D Centre in Hyderabad by 2027 - Joint vaccines for next pandemic
Benefit for India - Viksit Bharat 2047 Link
Innovation vertical leadership gives India:
- $10B digital export by 2030
- 1 Million jobs in startups via BRICS market access
- Soft power as knowledge superpower
Challenges to 2030 Vision
1. China Dominance
China 63% of BRICS GDP - Wants Yuan as BRICS currency - India opposes - Wants basket. Negotiations tough.
2. Geopolitics
Russia-Ukraine war, Iran sanctions, India-China border - Can derail cooperation
3. Implementation
350 meetings good but implementation slow - Need permanent secretariat - India proposes BRICS Secretariat in New Delhi by 2028 - China wants Shanghai
Conclusion - BRICS 2030 Roadmap Summary
By 2030:
- BRICS payment system live - 40% trade in local currencies
- NDB $100B deployed - India $20B - Patna Metro, green hydrogen
- 20+ partner countries - 50% world population
- BRICS Digital University - 100,000 students - IIT Madras hub
- Common standards - AI, green hydrogen, critical minerals
- India to lead innovation vertical - AI capital Bengaluru
18th BRICS Summit 2026 at Bharat Mandapam New Delhi with theme Building for Resilience, Innovation, Cooperation and Sustainability is foundation for this 2030 vision. New Delhi Declaration to be adopted today 13 Sept will mention roadmap to 2030.
For students and researchers in Patna, Bihar - This is topic for UPSC, BPSC Mains - Use this roadmap for future questions on BRICS.
17. Conclusion
BRICS not anti-West, pro-Global South. Wants multipolar, reformed multilateralism. With 18th summit LIVE TODAY in New Delhi at Bharat Mandapam, theme Resilience Innovation Cooperation Sustainability, BRICS enters 21st year stronger.
For India, BRICS is opportunity for Viksit Bharat 2047, energy security, Global South leadership. Track New Delhi Declaration today.
18. FAQs - Featured Snippet Ready
Q1. What is date and venue of BRICS Summit 2026?
Ans.12-13 Sept 2026 at Bharat Mandapam, New Delhi, India, Chair PM Narendra Modi.
Q2. What is theme of BRICS Summit 2026?
Ans.Building for Resilience, Innovation, Cooperation and Sustainability.
Q3. How many members in BRICS 2026?
Ans 11 members as per 2026 summit participants list.
Q4. What is NDB Bank?
Ans.New Development Bank BRICS Bank Shanghai, 35B USD projects financed.
Q5. What is New Delhi Declaration? Ans.Outcome document of 18th Summit to be adopted 13 Sept 2026.
Q6. How many meetings India held in 2026 chairship?
Ans.Around 350 meetings in more than 25 cities.
Q7. What is iBRICS Summit 2026? Investors summit 12-13 Sept at Oberoi New Delhi, 500 investors, $1T sovereign capital.
Q8. Does BRICS have common currency?
Ans.No as of Sept 2026. Discussions on local currency trade and payment system.
Q9. Why India important in BRICS?
Ans. Fastest growth, young talent, UPI digital model, balanced diplomacy, bridge between West and East.
Q10. Is BRICS against USA?
Ans.No, pro-multipolar reform, not anti-West.
Sources & Report - E-E-A-T
Official Sources: http://brics2026.gov.in, Ministry of External Affairs India Statement 27 August 2026, Business Standard, Economic Times, Mint, Wikipedia 18th BRICS Summit page updated today
Report by Mr Raj Damodar, Founder Raj Global Studies, Patna, Bihar. Last Updated 12 September 2026. Contact http://www.rajglobalstudies.com
Disclaimer - Educational Purpose Only
### H2: Educational and Information Purpose Disclaimer
13.Disclaimer: For Educational Purpose Only
This article on BRICS Summit 2026, NDB Funded Projects, Trade Data, iBRICS Investors Summit, and Future 2030 roadmap is created for educational and informational purposes only. All data, figures, and analysis presented here are based on public sources available as of 12 September 2026, including official BRICS website, Ministry of External Affairs Government of India, New Development Bank NDB Shanghai reports, IMF World Bank data, and media reports from The Hindu, Indian Express, Live Mint.
This is not official communication from BRICS, Government of India, or NDB Bank. Readers are advised to verify all information from official websites before making any academic, business, or investment decisions.
We do not claim any official affiliation with BRICS organization, Ministry of External Affairs, or Sovereign Wealth Fund Institute organizer of iBRICS Summit at The Oberoi.
Data Verification Notice
Verify From Official Sources
-BRICS Summit Official:
http://brics2026.gov.in / http://mea.gov.in
- NDB Bank Projects:
http://ndb.int Office New Delhi
- Trade Data:Ministry of Commerce
- iBRICS Summit: http://swfinstitute.org official portal
- New Delhi Declaration:Will be published on 13 Sept 2026 evening at http://mea.gov.in
check final declaration for official agenda points.
Trade figures $1 Trillion intra-BRICS trade and $150 Billion India-BRICS trade are estimates based on BRICS Business Council Report 2025-26 and may be revised after official customs data.
Exchange rate $1 = Rs 83.5 taken as average for conversion - Actual may vary.
Project statuses - Mumbai Metro operational, Bihar Rural Roads 85% completed, Rajasthan Water completed - Based on public progress reports as of August 2026 - Ground status may have updated.
Copyright and Fair Use
H3: Educational Fair Use
This content is original research by Raj Global Studies for students of Patna, Bihar, India and global readers preparing for UPSC, BPSC, competitive exams. Some images, infographics, data tables used under fair use for educational explanation.
If any official organization finds any data inaccurate, please contact us at http://rajglobalstudies.com for correction within 24 hours.
No Financial Advice
nvestment Disclaimer
Mention of $1 Trillion sovereign capital at iBRICS Investors Summit at The Oberoi New Delhi, NDB funding, rupee settlement, BRICS payment system alternative to SWIFT - This is not financial or investment advice. Do not make investment decisions based on this article. Consult SEBI registered financial advisor.
Date and Update Notice
: Live Update Status
This article was last updated on 12 September 2026 at 3:00 PM IST during LIVE 18th BRICS Summit at Bharat Mandapam New Delhi. Agenda, New Delhi Declaration points, iBRICS Summit deals are expected outcomes based on Mumbai Finance Ministers meeting