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India Assumes BRICS Chairmanship for 2026; 18th BRICS Summit to Be Hosted in India
Brazil formally hands over the BRICS presidency to India for 2026. India’s BRICS chairmanship is structured around four pillars, and India hosts the 18th BRICS Summit during its 2026 chairmanship.
BRICS and India’s BRICS Chairmanship (2026):
| Dimension | Key Details |
|---|---|
| Summit hosting | 18th BRICS Summit is hosted in India |
| India’s chairmanship pillars (2026) | Comprises Resilience; Innovation; Cooperation; Environmental Stability or Sustainability |
| Genesis (term) | Coined by British economist Jim O' Neill in 2001 as “BRIC” representing Brazil, Russia, India, and China |
| Formal functioning | Formal grouping on the margins of the G8 Outreach Summit in 2006 |
| First summit | Russia in 2009 |
| Expansion to BRICS | BRIC became BRICS with the inclusion of South Africa in 2010 |
| Aim | Reform of global governance and alternatives to Western-dominated institutions (IMF, World Bank, UNSC) |
| Chairmanship mechanism | Rotates annually among member countries |
| BRICS cooperation pillars | Comprises Political and security; Economic and financial; Cultural and people-to-people cooperation |
| Representation | ~ 49.5% of global population; around 40% of global GDP; around 26% of global trade |
| Members (initial BRICS) | Brazil, Russia, India, China, South Africa |
| BRICS+ new members | Egypt, Ethiopia, Iran, Indonesia, Saudi Arabia, United Arab Emirates |