What is BRICS? Why is PM Modi heading to Moscow to attend?

BRICS importance for India: For India, BRICS is a platform to deepen cooperation with Russia while maintaining crucial relationships with other member nations, including China.

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Edited By: Mayank Kasyap
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BRICS leaders of five member countries (Flickr (File))

BRICS importance for India: With global tensions rising and the threat of war looming, India's role on the international stage has become increasingly significant. In this context, BRICS, a cooperation organization of several major developing nations, plays a vital role. On October 22, Prime Minister Narendra Modi will travel to Kazan, Russia, to attend a crucial BRICS summit. Let’s explore what BRICS is and why it is important for India today.

Strange dynamics within BRICS

The current international landscape is increasingly divided. While the U.S. leads efforts to rally global support for Ukraine, India maintains its ties with Russia. Meanwhile, India cooperates with the U.S. on issues concerning China. This creates a seemingly strange dynamic within BRICS, an alliance that includes Russia, India, China, Brazil, and South Africa, as these nations often find themselves on opposite sides of geopolitical tensions.

What is BRICS and how did it form?

BRICS is an inter-governmental organization consisting of Brazil, Russia, India, China, South Africa, and recently added members like Iran, Egypt, Ethiopia, and the United Arab Emirates. Established in 2009, BRICS began as an informal group, spearheaded by Russia, with the aim of highlighting investment opportunities. Over the years, it has evolved into a geopolitical bloc. The annual BRICS summit rotates between member countries, with last year’s event held in Johannesburg. This year, it will take place in Kazan, Russia, where PM Modi is set to attend on October 23 and 24 at the invitation of Russian President Vladimir Putin.

Who are the BRICS members?

Initially formed by Brazil, Russia, India, and China in 2009, BRICS welcomed South Africa in 2010. In January this year, Iran, Egypt, Ethiopia, and the UAE also joined. While Saudi Arabia remains an invited member, it has yet to achieve full-time membership.

A voice for developing nations?

BRICS aims to provide a platform for member nations to challenge the Western-dominated global order, particularly that of the U.S. Although it is not officially anti-Western, BRICS is seen as a united voice for developing countries. Collectively, its members represent 30% of the world’s land area and 45% of the global population.

What is the purpose of BRICS?

BRICS was founded to strengthen economic cooperation among developing nations, allowing them to counterbalance the influence of developed countries. Key objectives include promoting mutual economic support, fostering political cooperation, and safeguarding cultural heritage. By doing so, BRICS members aim to resist policies imposed by more developed nations.

Global Focus on BRICS

Several factors are drawing worldwide attention to this year’s BRICS summit. First, the West, particularly the U.S. and Europe, stands firmly with Ukraine and has imposed sanctions on Russia. They expect India to side with them against Russia, but India’s long-standing friendship with Russia complicates matters. Similarly, there is tension between the West and China, making their interactions through BRICS crucial for the global audience. The world will closely watch India's moves, especially given its balancing act between Russia, China, and the West.

Why is it important for India?

For India, BRICS is a platform to deepen cooperation with Russia while maintaining crucial relationships with other member nations, including China. As the world watches, the summit may also help clarify India’s relationships with Middle Eastern countries, many of which support Palestine against Israel. How India navigates its ties with Israel within the BRICS framework will be another point of global interest.