Neutral impactEconomy
BRICS Summit: PM Modi warns against weaponisation of technology, critical minerals
BusinessLine 2 hrs ago·13 Sept 2026, 6:27 am
Prime Minister Narendra Modi has used the BRICS Summit to highlight the growing risks associated with the weaponisation of technology and the competition for critical minerals. He urged member nations to work together to ensure these resources are used for sustainable development rather than geopolitical conflict. This call for collective action aims to protect the economic interests of developing nations, often referred to as the Global South, from being exploited by dominant powers.
For investors, this development signals a potential shift in global trade dynamics and supply chain security. As nations seek to secure their own sources of critical minerals—essential for technology and green energy—companies involved in mining and resource management could see increased strategic importance. It also highlights the need for diversification in technology sectors to mitigate risks associated with geopolitical tensions.
Moving forward, market participants should monitor how BRICS nations implement these new frameworks. Any concrete agreements or joint initiatives regarding resource sharing or technology standards could influence stock performance in the resource and tech sectors. Keeping an eye on policy announcements will be key to understanding the long-term impact on the broader market.
Excerpt from BusinessLine
Prime Minister Narendra Modi said on Sunday that increasing geopolitical tensions are adversely impacting ordinary lives globally, emphasising that BRICS must unite to address these challenges and drive inclusive growth, particularly across the Global South. In an address at the BRICS summit, the prime minister also…Read the original at BusinessLine
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- Category: Economy.
- Assessed as a significant, market-relevant update.
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