Phase IFoundation
Background
Overview
India is a founding and prominent member of BRICS. Understanding its evolution, objectives, challenges, and impact on global geopolitics, trade, and India's foreign policy is crucial for GS2. Its role in shaping a multipolar world and potential for de-dollarization are significant.
BRICS is an intergovernmental organization comprising major emerging economies, initially Brazil, Russia, India, China, and South Africa. It was formed to promote cooperation among its members and to provide an alternative voice in global governance, challenging the traditional Western-dominated international order.