BRICS

Are BRICS nations eyeing common currency in 2024?

NEW DELHI: The world’s economic stage stands at the brink of a significant transformation, as the BRICS nations consider introducing a groundbreaking currency in 2024. This potential move signifies a crucial milestone in the bloc’s efforts to reduce reliance on the US dollar, sparking intense discussions among experts and analysts. The addition of five new […]

Geopolitical dimensions of BRICS

BRICS and India The acronym BRIC was coined by James O’Neill of Goldman Sachs in 2001 for the emerging economies of Brazil, Russia, India, and China. It brought out the significance of these countries in the global economic order that also had certain degrees of similarities in their economic trajectory and faced similar challenges. In […]

Pakistan’s inclusion in BRICS, risky proposition

Pakistan’s recent bid to join the BRICS (Brazil, Russia, India, China, and South Africa) grouping raises concerns that go beyond mere expansion. While the BRICS nations have shown openness to widening their membership, Pakistan’s inclusion could prove detrimental for three compelling reasons. Firstly, the economic dynamics within BRICS, a coalition that already challenges the G7 […]

Pakistan seeks BRICS membership, submits application for 2024

NEW DELHI: Pakistan’s recently appointed Ambassador to Russia, Muhammad Khalid Jamali, revealed during a recent interview that Pakistan has submitted a membership application to join the BRICS group of nations in 2024. This information was reported by the Russian news agency TASS. Originally formed in 2010, the BRICS union comprised Brazil, Russia, India, China, and […]

Argentina chooses US Dollar over BRICS membership

NEW DELHI: In a seismic political shift, Argentina’s recently elected right-wing populist, Javier Milei, has vowed to steer the nation away from the BRICS alliance, marking a departure from the geopolitical norm and signalling a potential realignment in global economic dynamics. The maverick president-elect, who rode the wave of anti-establishment sentiment to victory, has not […]

BRICS virtual summit on Israel-Hamas war hosted by SA; Jaishankar to represent India

NEW DELHI: India’s External Affairs Minister, S Jaishankar, is set to represent the country at the BRICS virtual summit hosted by South Africa on Tuesday. During the summit, leaders from Brazil, Russia, India, China, and South Africa will engage in discussions, including the ongoing conflict between Israel and Hamas. South African President Cyril Ramaphosa will […]

BRICS: India must take charge of Indian Ocean

Control of the Indian Ocean region is critical for China’s economy, and its strategic ambitions.

Limited BRICS expansion suits India’s interests, for now

While India wants a multi-polar world, China might prefer a large anti-West forum.

India, China spar over who requested for Modi, Xi meeting

Indian officials refuted Chinese authorities’ claim that Modi-Jinping meeting was organized at New Delhi’s request

UAE, Saudi, Iran & 3 other nations to join BRICS in Jan

These countries will become full members of BRICS from January 1, 2024