13th BRICS Summit: Theme, Host Country & Venue
By BYJU'S Exam Prep
Updated on: November 14th, 2023
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 of the BRICS. In 2006, BRIC comprised only Brazil, Russia, India, and China. South Africa was accepted as a member later in 2010. India hosted the 13th BRICS Summit 2021 on 9th September
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. Questions related to the 13th BRICS Summit 2021 can be asked in the upcoming UPSC Exam, and that’s why candidates need to know all the facts related to BRICS India 2021.
Table of content
What is BRICS Summit 2021?
The name BRICS stands for Brazil, Russia, India, China, and South Africa, five of the world’s emerging economies. James O’Neil, then-chairman of Goldman Sachs, first used the phrase BRIC in 2001. The inaugural BRIC summit was held in Yekaterinburg in 2009. (Russia). South Africa officially joined the group in 2010, transforming it into BRICS. The 13th BRICS Summit was held under India’s Chairship on 9 September 2021.
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 at UPSC. Read further details about the 13th BRICS Summitt venue, pillars, highlights, and impact.
Importance of the 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 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 Summit2021 – 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 standardized 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 the 13th BRICS Summit are improving the multilateral system (involving two groups of countries) and counter-terrorism cooperation.
Economic and Financial
Promoting innovative methods to attain sustainable development goals was one of the pillars of the 13th BRICS Summit. 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 at the 13th BRICS Summit.
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 the 13th BRICS Summit 2021.
- BRICS was established with the intent that 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.
Highlights of 13th BRICS Summit 2021
Some of the highlights of the 13th BRICS Summit 2021 are:
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- Prime Minister Narendra Modi spoke on various issues ranging from COVID-19 to counter-terrorism and green tourism. He highlighted the importance of the 4Cs – cooperation, continuity, consolidation, and consensus in the theme.
- At the 13th BRICS, Summit PM stressed that despite the pandemic, over 150 programs were organized by BRICS, of which around 20 were ministerial-level programs.
- 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.
- Adopting the BRICS Counter-terrorism action plan, BRICS Alliance for Green Tourism, the Innovation cooperation action plan 2021-2024, and the Action plan 2021-2024 for Agricultural cooperation were commended at the 13th BRICS Summit.
- 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.
