Modi said India is ready to welcome new countries into BRICS as partner countries.
“In this regard, all decisions should be taken by consensus, and the views of BRICS founding members should be respected,” he said.
“The guiding principles, standards, criteria and procedures adopted during the Johannesburg summit, should be complied with by all members and partner countries,” Modi noted.
The prime minister also pitched for reform of the UN Security Council and other global bodies.
“We must move forward in a time-bound manner on reforms in global institutions such as the UN Security Council, Multilateral development banks, and the WTO,” he said.
“As we take our efforts forward in BRICS, we must be careful to ensure that this organisation does not acquire the image of one that is trying to replace global institutions, instead of being perceived as one that wishes to reform them,” he said.
Modi also argued that the hopes, aspirations and expectations of the countries of the Global South must also be kept in mind.
“The BRICS grouping, created by the confluence of different viewpoints and ideologies, is a source of inspiration for the world, fostering positive cooperation,” he said.
“Our diversity, respect for each other and our tradition of moving forward on the basis of consensus are the basis for our cooperation,” he added.