The G20’s current cycle is unique, with four Global South nations presiding consecutively: Indonesia, India, Brazil, and now South Africa. Brazil’s 2023-24 presidency exhibited both achievements and struggles, prioritising social inclusion, hunger, energy transition, and governance reform. The handover to South Africa marks a significant milestone in G20 history. Will the momentum be followed by the U.S., the next G20 president but also a G20 sceptic?

U.S. President Trump will meet Russian President Putin on August 15. A positive outcome may mean removal of punitive U.S. tariffs on India for buying Russian oil and resolving its dilemma of placating a partner country with growing commercial, geopolitical and defence ties, or pursuing strategic autonomy, keeping its old friends and take an economic hit? Is Russia the red line for India?

The India-Maldives bilateral, so fraught till recently, has seen a positive reset. This was evident in Prime Minister Narendra Modi’s July 25-26 visit to Male. Using patience, quiet diplomacy and a consultative process with the Maldivians, India is now on the path to achieving its bilateral and regional goals in tandem with its strategically critical neighbour in the Indian Ocean.

PM Modi's five-nation tour highlights that despite geopolitical conflicts, New Delhi remains confident in its ability to balance relationships with the North and South.

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.

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.

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.

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.

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.

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.