India is set to host the BRICS Youth Council Entrepreneurship Working Group Meeting from March 3 to 7, 2025, under the Ministry of Youth Affairs and Sports. This event, themed “Youth Entrepreneurship for Sustainable Growth,” will bring together around 45 youth representatives from BRICS nations—Brazil, Russia, India, China, and South Africa—to strengthen cooperation in entrepreneurship and innovation. The discussions will focus on building a framework for young entrepreneurs across BRICS countries and enhancing their participation in global markets.
What is the Purpose of the BRICS Youth Entrepreneurship Meeting?
The key objective of this BRICS Youth Council Entrepreneurship Working Group Meeting is to foster international cooperation among young entrepreneurs and create new opportunities within BRICS nations. The main goals include:
- Establishing the BRICS Youth Council’s Entrepreneurship Working Group as a permanent initiative.
- Aligning entrepreneurship work plans across BRICS nations for better collaboration.
- Identifying new strategies for youth entrepreneurship cooperation.
- Developing innovative engagement formats to boost collaboration within the BRICS framework.
- Connecting youth representatives to global entrepreneurship opportunities.
By focusing on these objectives, the event aims to create a roadmap for long-term collaboration between BRICS nations in the field of youth entrepreneurship.
How is India Preparing for the BRICS Youth Entrepreneurship Meeting?
To ensure active participation and preparation, the Department of Youth Affairs has planned eight run-up events across various universities and institutions in India. These events aim to:
- Encourage discussions on entrepreneurship among Indian youth.
- Spread awareness about the BRICS Youth Council’s agenda on entrepreneurship.
- Provide a platform for young entrepreneurs to showcase their ideas.
Completed Run-Up Events
- Miranda House, Delhi University – January 15, 2025
- Mata Sundri College for Women, Delhi – January 17, 2025
- IIM Jammu, Jammu & Kashmir – January 24, 2025
- NFSU, Gandhinagar, Gujarat – January 28, 2025
Upcoming Run-Up Events
- KIIT, Odisha – February 4, 2025
- IIT Guwahati, Assam – February 7, 2025
- IISc, Bangalore, Karnataka – February 11, 2025
Each of these run-up events includes panel discussions and youth-driven conversations on entrepreneurship, helping young participants understand global economic trends and the significance of BRICS as a multilateral platform.
Why is the BRICS Youth Entrepreneurship Meeting Significant?
The BRICS alliance, established in 2006, is a major global economic bloc that represents 42% of the world’s population, 27% of global GDP, and over 16% of international trade. The BRICS Youth Council, which was launched at the 2023 Youth Summit in South Africa, focuses on strengthening youth collaboration in education, innovation, entrepreneurship, health, and volunteerism.
Summary of the news
| Why in News | Key Points |
|---|---|
| India to host BRICS Youth Council Entrepreneurship Working Group Meeting in March 2025. | Dates: March 3 to 7, 2025 |
| Theme: Youth Entrepreneurship for Sustainable Growth. | Countries Involved: Brazil, Russia, India, China, South Africa (BRICS) |
| Participants: Around 45 youth representatives from BRICS nations. | Run-up Events: 8 across India (Delhi University, IIM Jammu, NFSU, KIIT, IIT Guwahati, IISc) |
| Focus: Collaborative efforts in entrepreneurship. | BRICS Established: 2006 (Brazil, Russia, India, China, South Africa) |
| Objectives: Aligning entrepreneurship work plans, creating actionable strategies, and fostering cooperation. | BRICS Population: 42% of world population; GDP: 27% of global GDP; Trade: 16% of global trade |
| BRICS Youth Council launched in 2023 at the South Africa Youth Summit. | India’s Role: Hosts the 2025 meeting, leading the entrepreneurship group. |
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