BRICS bond in times of Trump

On a crisp sunny winter day in the land of Madiba and Mahatma, leaders of BRICScountries clasped their hands together at the Sandton Convention Centre, Johannesburg and decided to sculpt a new edifice of reformed multilateral order as a bulwark against rising tides of unilateralism and parochialism. This joint intent to re-shape the global order was telescoped in the imparting of virtual hand impressions at the Cradle of Humankind at Maropeng by leaders of BRICS countries.

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Bolstering Brics: Mapping New Pathways

The 8th BRICS Summit in Goa marked the 15th anniversary of an idea proposed in 2001. However, BRICS as a grouping has grown into something much wider and deeper in the intervening 15 years. South Africa was added to the group in 2011, enlarging it from four members to five. In terms of agenda and areas of interest also, BRICS has had a very successful evolution.
What does the future trajectory of BRICS look like? Will it continue to grow in strength and influence? Will some of the strategic competition between the members make it less effective? What will be the impact of the serious economic slowdown on three of the five members? Can BRICS make a lasting contribution in areas like Sustainable Development and Global Governance? These are some of the questions faced by the five countries. A medium and long-term vision is needed to take the group forward.
For India, apart from the gains emanating from intra-BRICS cooperation, there is a visible additionality to the country’s global clout. There are areas in global governance where India by itself cannot bring about changes. However, BRICS as a platform has the potential to do this. A multi-polar or polycentric world of the future is more likely to have these kinds of groupings as the centres of influence, rather than individual countries, and that is where the value of BRICS lies.

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Modi pitches for bigger BRICS role in combating terror, Xi backs India

HAMBURG:  Ahead of the BRICS summit in China, India’s Prime Minister Narendra Modi underlined that the BRICS grouping should play a pivotal role in combating terrorism, addressing climate change and take the lead in fuelling global economic growth.
Mr Modi was speaking at the meeting of 
the  leaders of the five BRICS countries on the sidelines of G20 Summit in Hamburg, Germany. China will host  the forthcoming 9th BRICS Summit in September in Xiamen.
 In his intervention, Mr Modi underscored that BRICS has been a strong voice and needs to show leadership on terrorism and global economy. He added that G20 should collectively oppose terrorism financing, franchises, safe havens, support and sponsors. 

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