13th BRICS Summit: Themes, Hosting Country, Venue

By K Balaji|Updated : August 25th, 2022

13th Brics Summit 2021 is conducted annually to review the achievements and contributions of BRICS to the international agenda and our national growth tiers. Brazil, Russia, India, China, and South Africa are the five emerging economies from the BRICS. In 2006, BRIC comprised only Brazil, Russia, India, and China. South Africa was accepted as a member later in 2010.

BRICS comprises about 41% of the world population, makes up about 24% of the world GDP, and throughout its existence, has come together to discuss essential issues. India hosted the 13th Brics Summit 2021 on 9th September.

13th Brics Summit 2021 Theme

The theme for the 13th Brics Summit 2021 was 'BRICS@15: Intra-BRICS cooperation for continuity, consolidation, and consensus. Prime Minister of India, Narendra Modi, held the meeting virtually and chaired this summit.

Therefore, the 13th Brics Summit 2021 is a crucial topic in UPSC. Read further details about the 13th Brics Summit venue, pillars, highlights, and impact.

Importance of 13th Brics Summit

BRICS or 13th Brics Summit 2021 is an important meeting that joins major countries with growing economies incorporating 41% of the world population, 24% of the world's GDP, and around 16% share in the world trade.

  • The countries included in BRICS have been the leading engines of global financial growth.
  • These join together on important issues, including security, financial, economic, cultural and people-to-people interactions.

13th Brics Summit 2021 - History

BRICS involves gathering the world's significant economies, Brazil, Russia, India, China, and South Africa. Check out the history of the 13th Brics Summit 2021 from 2001 to 2010.

13th Brics Summit 2021 - History

2001

Jim O’Neill, British Economist, introduced the term BRIC describing the economies of Brazil, Russia, India, and China.

2006

The group was standardised during the first meeting of BRIC Foreign Ministers.

2010

The group embraced the acronym BRICS when South Africa was invited to join BRIC in December 2010.

Pillars of 13th Brics Summit 2021

India worked on precise deliverables across all three pillars of intra-BRICS cooperation in 2021. During the 13th Brics Summit 2021, BRICS celebrated its 15th anniversary and remembered the first meeting at the UN General Assembly in 2006.

Political and Security

To enhance cooperation on global and regional security issues. The fundamental priorities under this pillar are improving the multilateral system (involving two groups of countries) and counter-terrorism cooperation.

Economic and Financial

To promote innovative methods to attain sustainable development goals. BRICS countries primarily focus on implementing the BRICS Economic Partnership Strategy 2020-25, Operationalization of the BRICS Agriculture Research Platform, and Cooperation on Disaster Resilience, Innovation Cooperation, and Digital Health and Traditional Medicine.

Cultural and people-to-people exchanges

To enrich intra-BRICS people-to-people contacts in sports, culture, academics, and business through exchanges. Discussions among Parliamentarians, youthful scientists etc., are also held.

Impact of 13th Brics Summit 2021 on Global Financial Institutions

In the financial crisis that occurred in 2008, the dollar-dominated market collapsed. It was one of the primary reasons behind the formation of BRICS or 13th Brics Summit 2021.

  • BRICS was established intent that the emerging economies must play a more significant role in the World Economic.
  • BRICS has even created the New Development Bank, or NDB, which has worked successfully since 2015.

Important UPSC Topics

UPSC Exam

UPSC Exam Date

UPSC Notification

UPSC Eligibility

UPSC Syllabus

UPSC Previous Year Question Papers

UPSC Books

UPSC Exam Analysis

UPSC Admit Card

UPSC Results

Highlights of 13th Brics Summit 2021

Some of the highlights of the 13th Brics Summit 2021 are:

  1. Prime Minister Narendra Modi spoke on various issues ranging from COVID-19 to counter-terrorism and green tourism.
  2. He highlighted the importance of the 4Cs - cooperation, continuity, consolidation, and consensus in the theme.
  3. He stressed that despite the pandemic, over 150 programs were organized by BRICS, of which around 20 were ministerial-level programs.
  4. He also highlighted that several events occurred for the first time because of the cooperation of the BRICS, such as the very first BRICS Digital Health summit being organized.
  5. Adopting the BRICS Counter-terrorism action plan, BRICS Alliance for Green Tourism, Innovation cooperation action plan 2021-2024, and the Action plan 2021-2024 for Agricultural cooperation were commended.
  6. The signing of the BRICS Cooperation on Remote Sensing Satellite Constellation and the finalization of the BRICS Cooperation and Mutual Administrative Assistance in Customs Matters highlight the 13th Brics Summit 2021.

India had previously hosted the BRICS summit twice before- the fourth BRICS summit held in 2012 and the eighth BRICS summit held in 2012.

Other Important UPSC Notes
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Social AuditMission Indradhanush
Basel Convention 1989Liquidity Trap
Mauryan AdministrationInternational Court of Justice
Iran Nuclear DealFundamental Duties
Indian DiasporaJudicial Review

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FAQs on 13th Brics Summit 2021

  • The BRICS or 13th Brics Summit 2021 headquarters is in Shanghai, the People's Republic of China.

  • Jim O' Neill, in 2001, came up with the acronym BRIC for Brazil, Russia, India, and China as they were the most significant emerging economies. He expected them to develop faster than the other developed countries and felt they required a different platform to be represented.

  • INDIA hosted the 13th BRICS Summit 2021. India organized the BRICS Summit third time in 2021. The meetings conducted before were in 2012 and 2016.

  • Through the 13th Brics Summit 2021, India has a platform to engage with China, acting as a roadblock for India's entry into the UNSC as a permanent member. The BRICS platform also helps India to discuss its anti-terrorism measures.

  • Shri Narendra Modi, Prime Minister, chaired the 13th BRICS Summit virtually. BRICS@15 was the Summit theme that India selected.

  • The three pillars of the 13th Brics Summit 2021 are Political; Security enhances cooperation on global and regional security issues, Economic and Financial, which promote innovative methods of sustainable development goals, and cultural interactions of people-to-people.

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