India’s BRICS journey has changed dramatically since its first chairship in 2012, when slowing growth, high inflation and economic uncertainty raised doubts over its standing. In 2026, India has emerged as a key BRICS power, backed by strong growth, improved sovereign strength and greater diplomatic influence, positioning New Delhi as an important voice in the emerging multipolar world order.

As India prepares to host the 11-member BRICS summit this weekend, the grouping’s meeting in New Delhi offers an opportunity to reflect on how dramatically the country’s global standing has changed over the past 14 years.

When India first chaired BRICS in 2012, its position within the grouping was accompanied by questions about the strength of its economy and its ability to keep pace with other emerging powers. In 2026, however, New Delhi is increasingly being viewed as one of the key forces shaping the bloc and as an important voice in the push for a more multipolar international order.

From Economic Doubts To BRICS Uncertainty

The change is particularly striking given the economic circumstances surrounding India’s first BRICS chairship. In 2012, the global economy was still grappling with the Eurozone debt crisis, while India faced slowing growth, elevated inflation and pressure on the rupee. These factors contributed to concerns over whether the country could maintain its position among the major emerging economies.