Ahead of the upcoming BRICS summit, the group has expanded its membership to 19 nations. The announcement was made by Indian Prime Minister Narendra Modi, who will host the summit in New Delhi.
BRICS, which stands for Brazil, Russia, India, China, and South Africa, was formed in 2006 as a platform for emerging economies to cooperate on economic, political, and security issues.
The group has since grown to include other nations that are seen as emerging economic powers. The new members include Argentina, Indonesia, Mexico, and Turkey, among others.
The expansion of the group’s membership has been welcomed by many, who see it as a reflection of the changing global economic landscape. The BRICS nations now account for a significant share of global economic growth and trade.
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However, some have raised concerns about the inclusion of countries like Turkey, which have been criticized for their human rights records. Others have raised concerns about the group’s ability to work together given their divergent political systems and foreign policy objectives.
Despite these concerns, the BRICS leaders have expressed their commitment to working together to address global challenges. This includes issues such as climate change, terrorism, and economic inequality.
The upcoming summit in New Delhi is expected to focus on these issues, as well as ways to strengthen cooperation and trade between the member nations. The leaders will also discuss ways to promote sustainable development and investment in their respective countries.
The summit comes at a time of growing tensions between China and the United States, which has prompted some to question the future of the BRICS group. However, the leaders of the member nations have emphasized the importance of working together to promote global stability and economic growth.
In a statement, Indian Prime Minister Modi said that the expansion of the group’s membership “reflects the growing relevance of the BRICS platform in a rapidly changing world.” He also emphasized the importance of working together to address global challenges and promote economic growth.
The BRICS summit is set to take place in New Delhi in October, and is expected to draw leaders from around the world. It remains to be seen how the expanded membership will affect the group’s ability to work together, and how it will impact the broader global economic and political landscape.
