Prime Minister Narendra Modi addressed the BRICS Summit Plenary session on ‘Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence,’ on Monday (July 7) emphasising the need for making BRICS more effective in an increasingly multipolar world.
The Indian prime minister put forward four key suggestions to enhance cooperation among BRICS nations.
1) Improving systems to boost credibility:
PM Modi emphasised the need to improve the systems to boost credibility when advocating for reformed multilateralism. He also highlighted the importance of demand-driven decision-making, long-term financial sustainability, and maintaining a healthy credit rating.
“First, emphasised on improving our own systems so that our credibility is boosted when we call for reformed multilateralism. This is important considering economic cooperation within BRICS has been steadily progressing. While sanctioning projects through the BRICS NDB, there must be a focus on demand-driven decision-making, long-term financial sustainability and maintaining a healthy credit rating,” he said detailing his suggestion in a post on X.
Addressed the BRICS Summit Plenary session on ‘Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence.’ Focused on how to make the BRICS platform even more effective in this increasingly multipolar world. Also gave a few suggestions which are… pic.twitter.com/zRqyEa9q2v
— Narendra Modi (@narendramodi) July 7, 2025
2) Collaborative Initiatives:
He further suggested that the BRICS nations work together to fulfil specific expectations and aspirations of the nations of the Global South. He highlighted the BRICS Agricultural Research Platform established in India, which he said can be a medium for sharing best practices in agri-biotech, precision farming and climate change adaptation. He also proposed creating a BRICS Science and Research Repository that he stated can also benefit the countries of the Global South.
3) Resilient supply chain:
He emphasised the need to secure and make the supply chain resilient, particularly for critical minerals and technology. “Third, in addition to greater cooperation in critical minerals and technology, we must focus on securing and making their supply chains resilient. It must also be ensured that no country uses these resources solely for its own interests or as a weapon,” he said.
4) Responsible AI:
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PM Modi stressed the importance of Responsible AI, stating that India believes in artificial intelligence as a tool for enhancing human values and capabilities and is guided by the mantra of ‘AI for All’. “India is actively using AI in many sectors. We believe that in AI governance, addressing concerns and encouraging innovation should both receive equal priority,” the Indian prime minister said.
He further noted that the Global South has several expectations from the BRICS nations, and to fulfil them, there was a need to follow the principle of “Lead by Example”.
“India is fully committed to working shoulder to shoulder with all partners to achieve our shared goals,” he said.
