India's Position in BRICS: Analyzing Opportunities and Addressing Challenges in a Shifting Global Environment

Social Sciences

Abstract India's position within the BRICS (Brazil, Russia, India, China, South Africa) grouping holds strategic significance, especially in the context of an evolving global landscape marked by economic uncertainties and shifting geopolitical dynamics. This paper explores India's evolving role in BRICS, identifying both opportunities and challenges it faces in navigating the bloc's diverse economic, political, and diplomatic agendas. By analyzing India's strategic engagement with BRICS' initiatives, such as the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA), the study highlights India's efforts to leverage its growing influence in international affairs. Additionally, it addresses the challenges posed by intra-BRICS divergences, economic competition, and the evolving global power structure, with particular emphasis on relations with China and Russia. This research emphasizes the necessity for India to adapt its policies within BRICS to maintain its position as a key player, while capitalizing on the bloc’s potential for strengthening South-South cooperation and advancing its own strategic interests in a multipolar world.

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