Piyush Goyal Hails BRICS Declaration

Union Commerce Minister Piyush Goyal praises the unanimous adoption of the New Delhi Declaration, emphasizing its role in amplifying the Global South.

Union Commerce and Industry Minister Piyush Goyal hailed the unanimous adoption of the New Delhi Declaration on September 13, 2026, stating that the milestone reflects a collective resolve to build a more resilient, innovative, and equitable global partnership. Speaking following the conclusion of the 18th BRICS Summit in New Delhi, Goyal emphasized that the expanded bloc has grown broader in scope and firmer in purpose, effectively strengthening the unified voice of developing nations on international platforms.

Charting a Course for Technology and Trade Integration

The newly adopted 140-point framework maps out extensive collaboration across emerging sectors, including artificial intelligence, quantum technologies, and digital public infrastructure (DPI). Goyal noted that the consensus document prioritizes deeper connections for startups, micro, small, and medium enterprises (MSMEs), and scientific research, alongside bolstering the financial capacity of the New Development Bank.

According to official statements released by the Ministry of Commerce and Industry and reports from the Press Trust of India (PTI), the framework also establishes coordinated targets for food, health, and energy security. The alignment aims to secure robust supply chains and lower trade friction across emerging economies.

Economic Implications and Strategic Growth

For businesses, investors, and consumers across the Global South, the declaration provides a predictable roadmap for cross-border commerce and digital transformation. Building on his earlier remarks at the BRICS Business Forum, Goyal stressed the importance of streamlining regulatory procedures, eliminating non-tariff trade barriers, and expanding local-currency settlements to insulate regional economies from external shocks.

According to official updates from the Ministry of External Affairs (MEA), the unanimous consensus achieved in New Delhi underscores the capability of developing nations to navigate complex geopolitical differences and forge shared economic goals.

"According to officials, the New Delhi Declaration establishes a clear, cooperative roadmap that reinforces multilateralism, accelerates digital public infrastructure sharing, and secures sustainable development for member states."

Key Facts at a Glance

• Declaration Adoption: The New Delhi Declaration was adopted unanimously by leaders at the 18th BRICS Summit on September 13, 2026.

• Global South Voice: Union Minister Piyush Goyal stated that the expanded bloc is successfully amplifying the strategic voice of developing nations.

• Key Technological Focus: The framework mandates deep cooperation in AI, quantum computing, startups, and Digital Public Infrastructure.

• Financial Resilience: The agreement strengthens the New Development Bank and promotes resilient supply chains for food and energy security.

Frequently Asked Questions

• What did Piyush Goyal say about the New Delhi Declaration? Goyal praised its unanimous adoption, stating it reflects a collective resolve for an equitable, innovative, and resilient partnership that amplifies the Global South.

• Which key sectors are highlighted in the declaration's cooperation roadmap? The document outlines advanced frameworks for artificial intelligence, quantum technology, Digital Public Infrastructure, MSMEs, and scientific research.

• How does the declaration impact international trade and supply chains? It encourages open markets, simplified regulatory procedures, local-currency trade, and robust supply chain coordination.

• Where can official government statements and policy releases be verified? Official updates are published through the Ministry of Commerce and Industry and the Ministry of External Affairs (MEA).

Source: Ministry of Commerce and Industry, Ministry of External Affairs (MEA), Press Trust of India (PTI)