Prime Minister Narendra Modi issued a stark warning at the BRICS Summit 2026, cautioning global leaders against the weaponization of technology and critical minerals. His remarks underscore a growing concern that such geopolitical manipulation of key industrial inputs could severely undermine global economic stability and shared progress.
Modi's address comes amidst heightened global trade friction, particularly concerning rare-earth elements, permanent magnets, and other critical raw materials. These materials are indispensable for sectors ranging from electric vehicles and green energy infrastructure to high-tech manufacturing and advanced defense systems.
Safeguarding Global Supply Chains
During the summit, Modi stressed the imperative of protecting vital supply chains from market distortion, export curbs, and political coercion. He highlighted that ensuring inclusivity in technology adoption and fostering resilient supply chains are fundamental pillars for future economic stability.
India has been actively pursuing strategies to diversify its sourcing networks. This proactive approach aims to insulate domestic industries from the risks associated with concentrated processing capabilities and unilateral export restrictions imposed by other nations.
India's Leadership and Digital Vision
Under India's BRICS chairmanship, themed 'Building for Resilience, Innovation, Cooperation, and Sustainability,' Modi outlined several key mechanisms launched to strengthen regional and cross-border trade architecture. These initiatives include the BRICS Incubator Network, the BRICS MSME Portal, and the BRICS Startup Innovation Fund, all designed to connect small businesses and tech firms across member nations with global financing and talent.
Turning to emerging technologies, the Prime Minister advocated for equitable global governance frameworks for Artificial Intelligence. He asserted that digital advancement must serve to expand human potential rather than create new economic divides. Emphasizing India's 'AI for All' mantra, Modi noted the country's deployment of AI across agriculture, health, education, and governance, urging the international community to balance rapid innovation with ethical guardrails and safety principles.
On the sidelines of the Summit, Modi also held crucial bilateral discussions, including with President Xi. Both leaders reportedly concurred on the necessity of addressing structural trade imbalances, reducing market-access barriers, and mitigating supply-chain vulnerabilities to sustain broader economic stability.