Prime Minister Narendra Modi called upon the leaders attending the BRICS Summit in South Africa to join in India's growth story and be a part of the country's journey to becoming a $5 trillion economy. In his address at the concluding ceremony of the BRICS Business Council, PM Modi highlighted India's reforms that have improved the ease of doing business and emphasized India's potential as the growth engine of the world.

The summit, which includes Brazil, Russia, India, China, and South Africa, will provide an opportunity to discuss future areas of cooperation, review institutional development, and consider expanding membership. PM Modi expressed his enthusiasm for the deliberations and meetings with world leaders, particularly his interaction with Chinese President Xi Jinping.

However, the expansion of BRICS and the issue of de-dollarization are key challenges that the bloc faces. China and Russia have expressed interest in expanding the group to grant it greater weight in international affairs. Over 40 countries, including Arab allies of the US and rivals, have expressed interest in joining BRICS. Additionally, China and Russia are pushing for de-dollarization to reduce their dependence on the US currency and conduct most of their trade in local currencies.

As the BRICS Summit unfolds, the outcomes will shed light on the potential expansion of the group and the efforts towards de-dollarization. It remains to be seen whether BRICS and other developing nations will join India's growth story and reshape the global economic order.