Nothing in the bloc’s latest joint declaration suggests that anything has changed. Perhaps not surprisingly, most of the attention this year has been on security and terrorism. After all, recent developments in Afghanistan will have serious, direct implications for Russia, India, and China. But this singular focus is disappointing nonetheless, because it highlights the group’s limited joint ambitions. Modi would seem to agree, saying, “We need to ensure that the BRICS are more productive in the next 15 years.” Beyond creating the BRICS Bank, now known as the New Development Bank, it is difficult to see what the group has done other than meet annually. Following the bloc’s rather dismal second decade, there are many things that BRICS leaders could do collectively to help revive the kind of economic gains made in the first decade, all of which would be good for the rest of the world, too. In doing so, they could create a much stronger impression of their usefulness alongside the G20, strengthening the case for more substantive reforms to global governance.