The significance of BRICS is no longer measured by what it announces. It is measured by how many competing powers still find it useful to sit at the same table.
India’s BRICS summit was less about creating a new bloc and more about demonstrating how it intends to operate in a world of competing power centres.
BRICS is evolving from a political grouping into a platform through which major emerging powers coordinate on finance, trade, technology, energy and diplomacy without accepting the logic of a Western led bloc or creating an opposing military alliance.
That is how multipolarity is actually being built through institutions, networks and alternatives that accumulate strategic weight over time.
BRICS is not held together by strategic alignment. Its significance lies in the fact that cooperation continues despite strategic divergence.
India and China remain competitors. Iran and the UAE have sharply conflicting interests. Members themselves have very different relationships with Washington and the West.
Yet they continue to negotiate practical arrangements across payments, local currency trade, development finance, investment, digital infrastructure, AI, health and agriculture.
The Iran-UAE engagement on the summit's sidelines illustrated this broader utility. After difficult negotiations, the two sides were able to engage with India, China, Russia, Brazil and Egypt helping create space for dialogue.
The India-China meeting produced no border breakthrough. It was about stabilising a relationship that remains strategically competitive while reopening space for trade, supply chains and market access.
It was also made clear that India's China policy will be guided by India's own interests, not by those of any third country.
The India-Russia meeting was similarly practical, trade, energy, defence, space, technology and investment.
Together, the meetings reflect a consistent Indian approach, partnerships are instruments of national interest, not commitments to geopolitical camps. India can manage competition with China, deepen its relationship with Russia and engage the US and Europe without treating these relationships as mutually exclusive.
That is also where BRICS acquires practical significance. Its value is not in producing a unified geopolitical position, but in bringing countries with competing interests into the same negotiating space, creating channels for trade, finance, technology and diplomacy that would otherwise remain fragmented.
BRICS is neither an anti-Western alliance nor an alternative to the existing order. Its significance is more consequential precisely because it is less rigid, it expands the choices available to states that do not want their external relationships determined by a single power centre.
For India, that flexibility is strategically valuable. The question now is whether BRICS can convert political convergence into durable financial, commercial and institutional mechanisms.
If it does, its influence will come less from declarations than from the alternatives it makes operational.