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While BRICS does have a wise agenda, backed by considerable unity, it is not in a strong position to garner the world’s support for it. The fissures within the G7, the tensions between the U.S. and Europe, and the unilateralism of Washington leave little room for BRICS to develop an international consensus on the issues agreed at the recent Rio Summit.
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BRICS is undergoing a major transformation—expanding its membership, redefining its global role, and navigating geopolitical tensions. As the group prepares for the Rio Summit in July 2025, key challenges include integrating new members, reforming multilateral institutions, and balancing economic ambitions with strategic unity. With India set to chair in 2026, the bloc’s evolving identity will shape its global influence.
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The Quad Foreign Ministers’ Meeting in Washington on 1 July, 2025, underscored the importance of diversified and reliable global supply chains, especially for critical minerals. A Gateway House report shows how to strengthen supply chains for rare earths by creating deep financial markets similar to those that exist for bullion and oil.
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PM Modi's multi-country visit from 15-19 June to Cyprus, Canada, and Croatia demonstrated India's expertise in nurturing ties with great powers, middle powers and state powers. The common thread was twofold: to represent India at the still-important summit of the Group of Seven in Alberta, and to push India’s strategic partnership with the EU, by forging closer ties with the countries of eastern and central Europe.
Courtesy: Gateway House
A slowdown of the Chinese economy, and the shift, particularly by MNCs, from China to other more competitive locations has opened up business opportunities for latecomers to supply chains in the developing world. Evidence suggests that Southeast Asia and some South Asian countries like India, Sri Lanka, Bangladesh, could be beneficiaries of the supply chain shift, particularly in labour-intensive segments.
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Iranian foreign policy must move toward strategic autonomy and internal concord. As witnessed after the 1988 ceasefire with Iraq, such moments can mark an inflexion point - one that prioritises national reconstruction, resilience, and welfare; strategic recalibration, strengthening of confidence, and finding a geopolitical identity. Iran has been there before, and can apply those experiences again.
Courtesy: East Asia Forum
Most multilateral and plurilateral institutions have lost their significance and ability to shape the trajectory of international relations today. The G7 is no exception. It is impacted by the shift of power from the Atlantic to the Pacific, and an intra-Atlantic rift. The G7 discussions reflected this. More positive were the sideline discussions on repairing the India-Canada bilateral.
Courtesy: New Spotlight Magazine
Building a robust engagement with India on energy can help offset some of the economic and political crises that most of India’s neighbours are facing. Smaller South Asian neighbours will benefit from cheaper electricity and oil, paving the way for greater regional economic cooperation.
Courtesy: Times Now
India and the U.S. are now on the verge of establishing a comprehensive trade agreement, overcoming a long history of bilateral trade challenges. This is a pivotal moment that could lead to mutual benefits and a deeper partnership. It will also illumine the path for other modern trade agreements that India is currently negotiating with multiple countries.
Courtesy: News Arena India
Canadian Prime Minister Carney can use the upcoming G7 summit he is hosting to advance the North-South dialogue and cooperation and also to discuss the strained bilateral with India. India can articulate the viewpoint of the Global South, stressing its conviction that the G7 is better served by constructively working with developing and emerging economies.