Source: The Hindu
Context Ahead of the 18th BRICS Summit in New Delhi, Chinese Ambassador Xu Feihong proposed a ‘POWER’ framework for Greater BRICS — calling for stronger Global South cooperation, closer India-China coordination, and collaboration on AI and supply chains.
The Context of Succession
- India chairs BRICS in 2026; China takes over in 2027
- The framework is pitched as guiding political, financial, technological and developmental cooperation across the two consecutive presidencies
- BRICS has evolved from an economic dialogue forum into a leading multilateral platform for the Global South, offering an alternative to Western-dominated institutions such as the G-7
Key Figures
- Greater BRICS encompasses nearly half the global population
- Contributes about 30 per cent of global GDP, with a PPP share exceeding one-third
- Accounts for one-fifth of global trade turnover, controlling production nodes in electronics, steel, critical minerals and agriculture
Five Pillars
| Pillar | Focus | Key Measures |
|---|---|---|
| P — Principle | Sovereign equality & international law | Uphold UN Charter, non-interference and peaceful dispute resolution |
| O — Openness | Multilateral trade | Protect WTO rules, MFN treatment and resist protectionist tariff barriers |
| W — Win-Win | Development | Promote SDGs, local-currency settlements, cross-border payment interoperability and reciprocal credit |
| E — Engine | Growth & industrialisation | Cooperation in DPI, green technology, smart manufacturing and AI |
| R — Responsibility | Global South leadership | Use India (2026) and China (2027) presidencies for policy continuity; push reforms of Bretton Woods institutions and UNSC |
