The BRICS summit holds immense importance for India due to the following reasons:

• Strategic alliance: The summit provides India with a platform to solidify its strategic alliance with other emerging economies like Brazil, Russia, China, and South Africa. This strengthens India's position on the global stage and allows it to assert its interests effectively.
• Economic opportunities: The BRICS nations together account for a significant share of the world economy. By participating in the summit, India can explore avenues for trade, investment, and economic cooperation with these countries. This fosters economic growth and enhances India's standing as an attractive investment destination.
• Multilateral cooperation: Through the BRICS summit, India can engage in discussions and collaborative efforts on various global issues such as climate change, terrorism, and global governance. This allows India to contribute to the formulation of international norms and policies.
• Enhanced diplomatic ties: The summit serves as a platform for India to engage in high-level bilateral meetings with leaders from other BRICS countries. This facilitates the deepening of diplomatic ties, which can lead to mutually beneficial agreements and partnerships in various fields.
• Cultural exchange: BRICS summits often incorporate cultural events that promote cultural exchanges and people-to-people connectivity. This helps India to showcase its rich cultural heritage and garner international recognition.

Overall, the BRICS summit enables India to enhance its global prominence, expand economic opportunities, strengthen diplomatic ties, contribute to multilateral efforts, and showcase its cultural diversity.