• PM Modi reaffirmed India's commitment to ‘AI for All’, urging BRICS nations to collaborate on ethical AI standards and join the upcoming AI Impact Summit in India.
• He emphasized BRICS' growing role in a multipolar world, calling for strengthened cooperation in digital governance, economic equity, and global financial reforms.
• Modi highlighted India-led initiatives like the BRICS Agricultural Research Platform and proposed a BRICS Science and Research Repository for wider benefit to developing nations.

Prime Minister Narendra Modi, while speaking at the BRICS Summit Outreach Session on 'Strengthening Multilateralism, Economic-Financial Affairs and Artificial Intelligence', reinforced India's faith in harnessing Artificial Intelligence (AI) to enhance human values and capabilities. He advocated for a balanced approach that accords equal significance to meeting the challenges and ethical issues related to AI as well as driving innovation.

Emphasizing the revolutionary capabilities of AI, he reiterated that the progress and prosperity of humankind in the 21st century are greatly dependent on technology, particularly AI. Modi again repeated that India's guiding principle is 'AI for All' and emphasized that the nation is already using AI heavily in vital sectors like agriculture, healthcare, education, and governance.

He also issued an invitation to BRICS countries to join the AI Impact Summit that will take place next year in India, and he stressed that cooperation is essential in establishing global standards for Responsible AI. According to him, these standards should guarantee the genuineness of digital content, enhance transparency, and avoid abuse. Modi also hailed the leaders' statement on Global Governance of AI as a good step towards accomplishing common objectives in the digital world.

In a wider perspective, the Prime Minister pointed out how pertinent BRICS remains in the uncertain and volatile world today. He underlined that their biggest strength lies in their diversity and common commitment to multipolarity as BRICS countries. When the global order was stretched to its limits and beset with challenges, the growing role and influence of BRICS is both logical and unavoidable. He suggested that BRICS must emerge as a leader of a genuinely multipolar world.

Referring to economic cooperation, Modi welcomed the consistent gains made under the BRICS Business Council and the BRICS Women Business Alliance. He praised Brazil's leadership for laying emphasis on reforms in the international financial system and reaffirmed India's commitment to a development model based on equity. He referred to the BRICS New Development Bank (NDB), which he stated provides a solid alternative for assisting nations of the Global South. He called on the bank to give top priority to demand-driven foundations, long-term sustainability, and a good credit rating for enhanced credibility.

Modi also highlighted the BRICS Agricultural Research Platform that was set up in India, citing its ability to organize cooperation in agri-biotech, climate change adaptation, and precision farming. He recommended setting up a BRICS Science and Research Repository and hinted that the advantages could be made available to emerging nations. He called for enhancing supply chains for key minerals and technology so that the resources would be utilized responsibly rather than being exploited for selfish motives.

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