The BRICS group welcomed six new countries into its fold.
Prime Minister Narendra Modi announced the expansion after the 15th BRICS summit in Johannesburg.
The expansion aims to strengthen the grouping and promote a multi-polar world order.
South African President Cyril Ramaphosa, current Chair of BRICS, presented the Johannesburg Declaration at the summit.
Argentina, Egypt, Iran, Saudi Arabia, Ethiopia, and the United Arab Emirates (UAE) were welcomed into BRICS.
The addition of Iran, Saudi Arabia, and the UAE holds significance due to their representation of energy-rich Gulf regions.
The decision to expand BRICS was made 13 years after the previous expansion that added South Africa in 2010.
Originally consisting of Brazil, Russia, India, and China, BRICS aims to bring together major economies in the post-Cold War world order.
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