Archives BRICS - Page 3 of 33 - New Eastern Outlook

The strategic choice facing India, the UAE, Saudi Arabia, and other large developing economies does not just boil down to choosing between BRICS and the West. These countries continue to follow a multi-vector policy, aiming to simultaneously reap the benefits of cooperation with BRICS, the G7, the EU, and regional institutions.

On September 12, New Delhi will host one of the year’s most long-awaited events, namely, the 18^th BRICS Summit. How has India’s presidency unfolded, what can we expect from the meeting, and why have experts started discussing the seemingly impossible intersection of Indian and Chinese interests?

BRICS is gaining influence not by launching a common currency or confronting the US dollar directly, but by building alternative financial and technological systems that offer developing countries greater choice, cooperation, and economic autonomy.