BRICS has emerged as an important platform for coordination among major emerging economiesLast updated: September 12, 2026 | 16:233 MIN READPM Modi launches two stamps marking 20 years of BRICS (Photo: DD)Indian Prime Minister Narendra Modi on Saturday launched two postage stamps commemorating 20 years of BRICS at the 18th BRICS Summit in New DelhiThe launch came as India hosted the summit under its 2026 chairship, guided by the theme "Building for Resilience, Innovation, Cooperation and Sustainability", with development, sustainability and innovation among the key areas of focus.At the summit, PM Modi also announced the unanimous adoption of the New Delhi Declaration 2026."No member has raised any objection. The New Delhi Declaration 2026 is adopted unanimously," Modi said at the Summit.According to Reuters, the joint declaration stressed the need to engage in conflict prevention efforts, including by addressing their root causes. It reiterated the BRICS nations' commitment to peaceful resolution of international disputes through dialogue, consultation and diplomacy. The declaration advocated for a multilateral approach that respects diverse national viewpoints and positions on crucial global issues. The joint statement voiced serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules.BRICS countries reached a consensus on a Joint Statement after intensive negotiations that continued until 4am on Saturday. The negotiations saw differences on several contentious issues. India led sustained consultations to bridge competing positions and build consensus among members.The breakthrough assumes particular significance given that Iran and Saudi Arabia are part of the same forum, despite deep differences and competing positions on several regional and geopolitical issues.Against the backdrop of ongoing conflicts and heightened tensions in West Asia, securing consensus among countries such as Iran and Saudi Arabia presented a particularly complex diplomatic challenge. India’s diplomatic prowess ensured that these differences did not derail the BRICS process, paving the way for a consensus Joint Statement despite sharply divergent geopolitical positions among member countries.Earlier, addressing the BRICS Summit session on Inclusive Global Governance and Strengthening, PM Modi proposed that BRICS members jointly prepare 10 proposals for global governance reform, which could be developed into a BRICS Reform Roadmap by the next Summit."The Global South is today in the front row when it comes to facing global crises, but in the back row when it comes to decision-making. We must transform this ‘pyramid of privilege’ into a ‘platform of partnership,’ where every country has a voice, every member has a stake, and human development remains at the heart of every effort," Modi said."With this objective, I propose that we jointly prepare ten proposals for global governance reform, which we can seek to develop into a BRICS Reform Roadmap by the next Summit," he said.He said the proposed roadmap should focus on three key aspects: Representation, Responsiveness and Rule-making.On representation, PM Modi said reform of the UN Security Council "can no longer be delayed" and called for text-based negotiations on the issue to be linked to a definite timeline and clear outcomes.He also said voting power, leadership positions and policy priorities in financial institutions should reflect today's economic realities."Countries that drive global economic growth should also have an appropriate role in shaping global economic governance," Modi said.On responsiveness, the Prime Minister stressed the need to focus on the speed, scale and last-mile impact of collective global responses.Highlighting the contribution of seafarers to global trade, he proposed considering the creation of a Seafarers Emergency Support Network, which could connect the maritime authorities and missions of concerned countries and facilitate distress alerts, medical assistance, information to families and support for evacuation.On rule-making, PM Modi said equal participation in shaping future global rules was extremely important."AI, cyberspace, outer space, biotechnology, and critical technologies are not only creating future opportunities but are also shaping the rules of the future," he said."We must make efforts to transform the Global South from a rule-taker into a rule-shaper," Modi said, adding that BRICS could provide young diplomats and policymakers from Global South countries with negotiation skills, practical training and legal expertise.BRICS has emerged as an important platform for coordination among major emerging economies and for advancing the interests of the Global South in multilateral institutions. Its agenda covers development, finance, technology, trade and people-to-people exchanges.The grouping currently comprises 11 countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and the UAE. Also In This PackageGet Updates on Topics You ChooseUp Next