BRICS meets in India: What’s on the agenda, why it matters

India’s Prime Minister Narendra Modi is hosting the annual BRICS Summit beginning today in the Indian capital, New Delhi, which has been decked out in BRICS-themed signs and illuminated buildings and roundabouts.

More than a dozen world leaders are attending the 18th annual summit of the bloc, which is increasingly viewed as a counterweight to economic alliances dominated by wealthier Western na...