On May 21, 2025, India participated in the 9th BRICS Industry Ministers’ Meeting held at the Itamaraty Palace, Brasília, under the chairship of Brazil. The meeting, themed “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”, brought together representatives from Brazil, Russia, India, China, South Africa, and newly inducted members like Egypt, Ethiopia, Iran, Indonesia, Saudi Arabia, and the United Arab Emirates. India showcased its advancements in digital transformation and Micro, Small, and Medium Enterprises (MSMEs), emphasizing inclusive growth and industrial resilience. The launch of the BRICS Startup Knowledge Hub was a key highlight, aimed at fostering cross-border innovation.
India highlighted its Digital India initiative, which has transformed the nation into the world’s largest digitally connected democracy. With internet users growing from 251.59 million in 2014 to 954.40 million by March 2024, India showcased its robust digital infrastructure. Initiatives like the Unified Payments Interface (UPI) and 5G rollout were presented as models of financial inclusion and economic empowerment. By adopting Industry 4.0 technologies, including artificial intelligence (AI), Internet of Things (IoT), and blockchain, India is enhancing industrial competitiveness and aligning with the Viksit Bharat 2047 vision.
The pivotal role of MSMEs in driving economic resilience was a key focus. India emphasized its MSME ecosystem, supported by initiatives like PM Mudra Yojana and Make in India, which have boosted employment and GDP growth. India urged BRICS nations to collaborate on improving MSME access to global markets, technology, and financing. This call for inclusive growth aims to empower small businesses across the Global South, fostering sustainable development.
A major outcome of the meeting was the launch of the BRICS Startup Knowledge Hub on January 31, 2025, under the BRICS Start-Up Forum. This first-of-its-kind platform promotes cross-border collaboration among startups, facilitating knowledge sharing, technology transfer, and investment opportunities. India highlighted its thriving startup ecosystem, with over 1.25 lakh startups and 100+ unicorns, as a catalyst for innovation and industrial growth. The hub strengthens entrepreneurial networks, supporting sustainable development across BRICS nations.
India called for a tech-driven and inclusive industrial framework to address global challenges. The country advocated for eliminating restrictive trade measures and enhancing supply chain resilience. Emphasizing principles like Sahyog (collaboration), Samanjasya (harmony), Samagrata (inclusiveness), and Sarvasammati (consensus), India reinforced its commitment to a rules-based multilateral trade system. The Joint Declaration adopted at the meeting reaffirmed BRICS’ commitment to an open, fair, and resilient global environment.India’s participation in the 9th BRICS Industry Ministers’ Meeting underscores its leadership in digital innovation and MSME development. By promoting sustainable and inclusive growth, India strengthens its position as a voice for the Global South. The BRICS Startup Knowledge Hub and advocacy for industrial cooperation align with Aatmanirbhar Bharat and Viksit Bharat 2047, enhancing India’s global economic influence.
| Aspect | Details |
|---|---|
| Event | 9th BRICS Industry Ministers’ Meeting |
| Date | May 21, 2025 |
| Location | Itamaraty Palace, Brasília, Brazil |
| Theme | Strengthening Global South Cooperation for More Inclusive and Sustainable Governance |
| Key Initiatives | BRICS Startup Knowledge Hub, Digital India, MSME Empowerment |
| India’s Focus | Digital transformation, MSME growth, inclusive trade |
| Significance | Strengthens India’s role in Global South, aligns with Aatmanirbhar Bharat |