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India will host the BRICS Summit on September 12-13 this year.

India will host the BRICS Summit on September 12-13 this year. The summit marks a significant milestone for the bloc, which was formed 20 years ago.

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The term BRICS was first coined 25 years ago by Jim O'Neill, who was the head of global economic research at Goldman Sachs at the time. During this period, energy ties between the member nations have deepened as the grouping faces various global crises. New Delhi faces the challenge of strengthening the grouping while ensuring it does not become a primary instrument of Chinese influence.

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