Over the years, the BRICS grouping of the five major emerging economies has come a long way with an ambitious all-encompassing agenda for reforming global governance. All eyes will be on the fourth BRICS summit in New Delhi that is expected to outline future priorities and take the grouping on a new trajectory.The opening phase in the formation of the BRICS grouping of countries is now over. During that period, some of the most influential figures hurled invectives at Russia, Brazil and South Africa for enjoying the benefits of BRICS membership that were neither deserved nor corresponded to these countries’ status.
India has been assured that it should know better than to form a coalition with the “authoritarian regimes” of China and Russia. South Africa is reproached for showing weak potential compared to the other four members of the group and for its inability to work with them as an equal. South Africa and Brazil are being singled out for their unimpressive GDP growth rates. Russia, with exports focused mostly on raw materials, is considered bad company for the dynamic Chinese giant, which is advised to opt for a compromise with the US instead of attaching its BRICS partners’ cars to its rolling juggernaut. Read More
