Pakshal SecretryAIR 8 · CSE 2025 · 250 wordsTheir whole copy
Opening · a figure
BRICS has added 5 new members: UAE, Egypt, Ethiopia, Iran and Indonesia in its Kazan Summit (2024) [Saudi status uncertain]
Expanded BRICS
Body · points
→ Represent 47% of world population → 39% of world's GDP → 62% of world's REE supply
Ways in which India can leverage BRICS plus
(1) Agenda Setting → focusing on interest of Global South
(2) Provide "global public good" for South to overcome Kindleberger (i) NDB funding to South (ii) BRICS Guide → To promote India's DPI Model.
(3) Coordinate with major players of global south (eg China, Egypt)
(4) Providing for unity of voice on issues faced by global south (eg climate change, UNSC Reforms)
(5) Help in reducing dependence on global North (eg BRICS intra currency trade to overcome dollar dependence)
(6) Make BRICS plus as podium to counter neo-colonialism by global North.
(7) Leverage synergies among countries
(8) Provide for supply chain resilience to global south (eg 62% of REEs)
Issues → 1: Unclear global South definition → 2: Chinese dominance in BRICS (60% of BRICS GDP from China) → 3: Failure to raise issues → eg: During recent Guam war was silent → 4: Threat of antagonising global north → eg: Trump's Tariff Threat
Way forward
(1) Platform for engaging in BRICS with global south (2) Formulating Agenda of BRICS+ to suit global south concerns (3) collectively pushing for reforms in other organisation
Close · a way forward
"Reform in BRICS is message to all multilateral institution, to evolve with changing times" —PM Modi