The BRICS (Brazil, Russia, India, China, and South Africa) grouping has been the forerunner of global economic and political developments for over a decade. The BRICS countries account for over 40% of the world’s population and over 25% of global GDP. They are also among the fastest-growing economies in the world. India’s position is an emerging and important one in the BRICS grouping. It is the second most populous country in the world and the sixth largest economy. India has also been growing swiftly in recent years, with GDP growth comprising over 7% per year over the past decade. In addition to the BRICS, India is also a member of a number of other emerging Global South engagements, such as the IBSA Forum (India, Brazil, and South Africa), the G20, and the Non-Aligned Movement.
These alliances are playing a progressively important role in global affairs, as they represent the voices and interests of developing countries. India has numerous advantages within the BRICS grouping. It is a large and growing economy with a young and tech-savvy population. India is also a major exporter of IT services and software. India’s role in the BRICS has been growing in recent times. India has hosted the BRICS summits in 2012 and 2023. India has also played an important role in the development of the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA), two key financial institutions set up by the BRICS countries.
India’s other emerging Global South Alliances
All the views and opinions expressed are those of the author. Image Credit – Reuters
About the Author
Saimaa Khan holds a Master’s degree in international relations from Shreemati Nathibai Damodar Thackersey Women’s University. She completed bachelor’s degree in political science from Sophia College (Autonomous). She is a geopolitics and creative economy enthusiast and writes for the same.
