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Brics leaders including China, Russia and India, entered a second day of talks in New Delhi on Sunday, discussing “inclusive global growth”, after reaching rare agreement calling for calm in the Middle East.

Indian Prime Minister Narendra Modi called for “cooperation” within the bloc, which he has said represents “50 per cent of the world’s population, 40pc of global GDP and more than 25pc of global trade”.

“The power of Brics lies in our diversity and cooperation,” Modi told leaders, including Chinese President Xi Jinping and Russian President Vladimir Putin, on the final day of talks.

Brics was created in 2009 as a forum for major emerging economies seeking greater influence in institutions dominated by Western powers. The group is seeking to bolster its global influence and address conflict, trade turbulence and energy security.