The Evolution of BRICS: India's Strategic Interests and Challenges

Social Sciences

Abstract BRICS, comprising Brazil, Russia, India, China, and South Africa, has become a significant player in the global economic and political landscape. As an emerging economic powerhouse, India holds a crucial position within BRICS, capitalizing on the bloc’s collective influence in shaping global economic policies. Introduced by economist Jim O'Neil in 2001, BRICS was initially envisioned as a group of rapidly growing economies with the potential to surpass the wealth of the world’s most developed nations by 2050. This paper examines the evolution of BRICS, with a particular emphasis on India's strategic interests and the multifaceted challenges it faces within the group. The study delves into the historical formation and expansion of BRICS, India's economic, trade, and diplomatic engagement, and the internal and external challenges India encounters in balancing its aspirations with the bloc’s diverse political and economic dynamics. Through qualitative analysis of secondary data, this paper offers insights into India's strategic positioning in BRICS and evaluates the opportunities and obstacles that will shape its future within this influential multilateral alliance.

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