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India's Leader Modi Hosts Major Meeting of Global Powers

India's Prime Minister Narendra Modi opened a conference bringing together five major emerging economies to discuss trade and global influence.

By Piggy PressSep 12, 20262 min read 1 new word

In simple terms

What BRICS countries decide can shape global trade and politics, which eventually affects prices, jobs, and international stability for ordinary people everywhere.

Narendra Modi, India's Prime Minister, arrived at a large convention center in New Delhi to host BRICS 2026, a summit bringing together leaders from five major countries: Brazil, Russia, India, China, and South Africa. These nations represent some of the world's largest and fastest-growing economies, and they meet regularly to coordinate on trade, politics, and ways to challenge the influence of wealthier Western nations in global affairs.

These summits matter because BRICS countries collectively represent billions of people and trillions of dollars in economic power. When they discuss new trade agreements or policies, it can affect everything from international relations to the prices people pay for goods. India hosting this particular meeting is significant because it shows India's growing role as a leader on the world stage.

Fun fact

BRICS represents about 35% of the world's population and roughly a quarter of global GDP (the total value of goods and services produced worldwide).

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Source: Bloomberg Markets