BRICS Business Forum 2026: India Calls for Open Markets and Stronger Supply Chains

BRICS Business Forum 2026 opened with a strong emphasis on greater economic cooperation, market access and resilient global supply chains. The opening session at Bharat Mandapam was addressed by senior Indian and Russian officials, including External Affairs Minister Dr S. Jaishankar, Minister of State for Commerce and Industry Jitin Prasada and Russian Minister of Economic Development Maxim Reshetnikov.

The discussions focused on the growing economic importance of BRICS and the opportunities for member and partner countries to deepen commercial cooperation.

Highlighting the scale of the grouping, the Indian side noted that BRICS accounts for around 40% of global GDP and one-fourth of global trade. Against this backdrop, member and partner countries were urged to open their markets to one another to strengthen supply chains and facilitate a smoother flow of talent.

BRICS Business Forum 2026 Highlights Economic Opportunities

The BRICS Business Forum 2026 provides a platform for governments and businesses to explore opportunities for stronger economic partnerships.

Addressing the opening session at Bharat

Mandapam, the Indian side highlighted the need for greater market access among BRICS members and partner countries.

Opening markets to one another can help businesses explore new opportunities while supporting more diversified and resilient supply chains. The discussions also emphasised the importance of enabling easier movement of talent across participating economies.

BRICS’ Growing Global Economic Role

BRICS represents a significant share of the global economy. According to the figures highlighted during the forum, the grouping accounts for approximately 40% of global GDP and one-fourth of global trade.

This economic scale creates opportunities for member and partner countries to strengthen commercial relationships and build new avenues for cooperation.

The BRICS Business Forum 2026 therefore comes at an important juncture for discussions on trade, investment, technology and business collaboration.

India Urges BRICS Countries to Open Markets

A key message from the forum was the call for BRICS member and partner countries to open their markets to each other.

Greater market access can create opportunities for businesses to reach new customers and establish stronger international partnerships. It can also contribute to diversification in supply chains.

The discussions emphasised that stronger economic integration among BRICS economies could help build more resilient markets.

Strengthening Global Supply Chains

Supply-chain resilience has become an important consideration for businesses and economies worldwide.