What's happened
Leaders from BRICS and newly admitted members have arrived in New Delhi for a two-day summit beginning Sept. 12. Xi Jinping, Vladimir Putin and Iran’s Masoud Pezeshkian have travelled to India; Narendra Modi has held bilateral talks with several visitors. Delegates are confronting the US‑Israel war on Iran, the Ukraine conflict, trade tensions and energy security.
What's behind the headline?
What the summit will decide
- BRICS is using the Delhi meeting to deepen economic cooperation: leaders are discussing cross‑border payments, local‑currency trade and energy deals to reduce dependence on western systems.
- The expanded membership has turned BRICS into a test of cohesion: disagreements over the US‑Israel attack on Iran and the war in Ukraine are forcing countries to choose language that will not alienate either Tehran or Abu Dhabi.
India’s balancing act
- India has been repairing relations with both China and Russia while protecting ties with the West. Modi has been holding bilateral talks — including with Putin and Xi — to secure energy and trade deals and to manage border friction.
- India will press for predictable market access and measures to cut its widening trade deficit with China; Delhi has already relaxed some investment rules and restored flights.
Why this matters now
- Energy and trade shocks caused by the Iran conflict and the Ukraine war are increasing the value of alternative payment and supply arrangements within BRICS. This will push members to agree practical mechanisms, not grand ideological statements.
Forecast
- The summit will produce a cautious, general joint declaration that avoids naming parties in Middle East fighting but will pledge opposition to unilateral economic measures. Expect incremental agreements on payments and trade in local currencies, and a limited bilateral roadmap between India and China on border management and trade access.
Consequences
- A modest BRICS economic package will accelerate parallel payment systems and deepen energy ties among members, which will reduce some members' reliance on western financial tools but will not overturn existing sanctions regimes.
- India’s engagement with China will reduce immediate tensions but will not resolve core border disputes; incidents on the frontier will continue to require diplomatic management.
How we got here
BRICS began in 2009 to boost emerging economies' influence. The group has expanded to 11 members, including Iran, Saudi Arabia and the UAE. India and China have been restoring ties after deadly 2020 border clashes, but a large trade deficit and strategic mistrust persist.
Our analysis
CNBC reported that Modi and Xi used summit sidelines to agree on "a fair, reasonable, and mutually acceptable" approach to the border and to address "structural trade imbalance, supply chain issues and predictable market access" (CNBC, Sept. 12). The Guardian described Xi's arrival and the symbolic thaw: "Xi stepped off the plane" and was greeted with ceremony, and the paper flagged that expansion of BRICS "has also created new fractures and disunity" (The Guardian, Sept. 12). Arab News and The New Arab emphasised the summit's agenda: "Wars in the Middle East and Ukraine, as well as global trade turbulence and oil" are expected issues, and both noted protests by Tibetans in New Delhi (Arab News, Sept. 11; The New Arab, Sept. 11). Bloomberg and France 24 highlighted the leaders' bilateral meetings: Putin and Pezeshkian were due to meet Modi, and Xi's participation is a litmus test for India‑China ties (Bloomberg, Sept. 11; France 24, Sept. 11). Al Jazeera and The Independent emphasised security arrangements in Delhi and the broad challenge of producing a joint statement after foreign ministers failed to agree in May (Al Jazeera, Sept. 11; Independent, Sept. 11). Across these accounts, direct quotes guide the contrast: CNBC states Modi and Xi agreed to take a "strategic and long-term perspective of their ties"; The Guardian quotes experts that "the 11 members cannot speak with one voice on many issues." These differences show that reporting focuses either on diplomatic symbolism and bilateral progress (CNBC, Bloomberg) or on the structural limits to consensus caused by divergent members (The Guardian, Arab News).
Go deeper
- What concrete trade measures has India proposed to reduce its deficit with China?
- Will BRICS agree on a payments mechanism that bypasses western systems?
- How will India manage border incidents if economic ties with China deepen?
More on these topics
-
Xi Jinping - General Secretary of the Chinese Communist Party
Xi Jinping is a Chinese politician serving as the general secretary of the Communist Party of China, president of the People's Republic of China, and chairman of the Central Military Commission.
-
Narendra Modi - Prime Minister of India
Narendra Damodardas Modi is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014, and is the Member of Parliament for Varanasi.
-
India - Country in South Asia
India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world.
-
BRICS - Association of Brazil, Russia, India, China, South Africa, Egypt, Indonesia, Iran, United Arab Emirates, and Ethiopia
BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China, and South Africa. The BRICS members are known for their significant influence on regional affairs.
-
Russia - Country
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. Covering an area of 17,125,200 square kilometres, it is the largest country in the world by area, spanning more than one-eighth of the Earth's in
-
Vladimir Putin - Russian President
Vladimir Vladimirovich Putin is a Russian politician and former intelligence officer who has served as President of Russia since 2012, previously holding the position from 1999 until 2008.
-
New Delhi - Capital of India
New Delhi is a district located in NCT Delhi. New Delhi serves as the capital of India and the seat of all three branches of the Government of India. The foundation stone of New Delhi was laid by Emperor George V during the Delhi Durbar of 1911. It was de
-
Iran (Islamic Republic of Iran) - Country in the Middle East
Iran, also called Persia, and officially the Islamic Republic of Iran, is a country in Western Asia. It is bordered to the northwest by Armenia and Azerbaijan, to the north by the Caspian Sea, to the northeast by Turkmenistan, to the east by Afghanistan a
-
Masoud Pezeshkian - Member of Islamic Consultative Assembly of Iran
Masoud Pezeshkian is an Iranian heart surgeon and reformist politician of Azerbaijani and Kurdish descent who is currently President-elect of Iran.
-
Ukraine - Country in Europe
Ukraine is a country in Eastern Europe. It is the second-largest European country after Russia, which borders it to the east and northeast.
-
United States - Country in North America
The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
-
Kingdom of Saudi Arabia - Country in the Middle East
Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.
-
People's Republic of China - Country in East Asia
China, officially the People's Republic of China, is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019.
-
United Arab Emirates - Country in the Middle East
The United Arab Emirates, sometimes simply called the Emirates, is a sovereign state in Western Asia at the northeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south and west, as well as sharing m
-
Israel - Country in the Middle East
Israel, formally known as the State of Israel, is a country in Western Asia, located on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea.
-
Beijing - Capital of China
Beijing, alternatively romanized as Peking, is the capital of the People's Republic of China. It is the world's most populous capital city, with over 21 million residents within an administrative area of 16,410.5 km².
-
RIA Novosti - News agency company
RIA Novosti, sometimes RIA for short, was a Russian state-controlled domestic news agency, which used to be one of Russia's international news agencies until 2013.
-
Delhi Police - Law enforcement agency in Delhi, India
The Delhi Police (DP) is the police force of the National Capital Territory of Delhi. It is under the Ministry of Home Affairs, Government of India. In 2024, the sanctioned strength of Delhi Police was 83,762 (including I.R. Battalions) making it one of the largest metropolitan police forces in the world. About 25% of Delhi Police strength is earmarked for VIP security.
-
Himalayas - Mountain range in Asia
The Himalayas, or Himalaya, is a mountain range in Asia separating the plains of the Indian subcontinent from the Tibetan Plateau. The range has many of Earth's highest peaks, including the highest, Mount Everest, at the border between Nepal and China. Th
-
Middle East - Region
The Middle East is a transcontinental region that generally includes Western Asia, all of Egypt, Iran, and Turkey. Soviet Central Asia, Afghanistan, and Pakistan are generally excluded.
-
Delhi - City in India
Delhi, officially known as the National Capital Territory of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. It is bordered by the state of Haryana on three sides and by Uttar Pradesh to the east. The NCT covers
-
Abdel Fattah el-Sisi - President of Egypt
Abdel Fattah Saeed Hussein Khalil el-Sisi is an Egyptian politician who is the sixth and current President of Egypt, former Director of Military Intelligence, former Minister of Defence, and former General.