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 is an important player 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.
Tag: BRICS
Letters to the Editor – 6 November 2024
President Putin brought together leaders of many Third World nations in the recent trending summit of BRICS organised in Kazan, Russia. All of them affirmed the need to fight against Western imperialism and the tools of the same, like SWIFT, IMF and World Bank and the requirement of a new financial system. Finance is the lifeblood of the global economy. As long as it is dominated by the US Dollar, nations will be forced to be subservient to the US.
BRICS is the Cure for Bitterness between India and China
BRICS (Brazil, Russia, India, China, and South Africa) is one of the major platforms of the five emerging economies, aiming at promoting peace, security, inclusive development and cooperation. The platform represents 43% of the world’s total population and 30% of the global Gross Domestic Product (GDP). Since its establishment against the backdrop of the 2008 global financial crisis, as a potential alternative to G7 platform. The BRICS has grown substantially as an effective platform to articulate views of countries in the Global South as at least one country is present from every different continent across the region. Economy, being in focus point of the grouping, the initial decade of BRICS has advanced coordinated policy initiatives in the field of global economic governance.
India-China Rivalry: Boon for USA’s Dominance in Asia
When considering the United States, its robust economy and formidable military are typically the foremost aspects that come to mind. However, if these strengths were ever endangered, it becomes crucial to contemplate potential scenarios. One significant concern would arise if India and China were to align their efforts. However, we are living in a realistic world where this scenario doesn’t seem likely to happen. This article discusses why such cooperation would be detrimental for the United States.
India must Recalibrate its Diplomatic Ties with Russia
When he arrived in India, the Foreign Minister delivered a noteworthy statement, asserting that India’s longstanding ties with Russia are rooted in a ‘Soviet Legacy’ that is gradually dissipating. He urged New Delhi to reconsider its relationship with Moscow and align more closely with Kyiv, reflecting Ukraine’s perspective on the evolving global landscape.