Courtesy: Gateway House
India’s proposal to link the digital currencies of the BRICS nations could alter how emerging economies settle trade deals. It is necessary to examine the reasoning behind such a move, its effort to reducing dollar dependence, and the benefits that accrue to India.
Courtesy: Ricardo Moraes / Reuters
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.
Courtesy: X / narendramodi
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.
Courtesy: Gateway House
This infographic seeks to trace the evolution of BRICS from O’Neill’s original vision to its current form, while illustrating how intra-BRICS trade has evolved over the past 15 years.