BRICS - India Relationship - Seeker's Thoughts

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BRICS - India Relationship

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Introduction- BRICS is an association of five major emerging economies -- Brazil , Russia , India , China and south Africa.The idea of bricks was coined in 2001 by British economist Jim o’neill. Originally The first four were grouped as BRIC before the induction of south Africa in 2010 . The five BRICS countries represent over 3.1 billion people. Since 2009 ,the BRICS nation have met  annually at formal summits.China hosted the 9th BRICS summit in Xiamen on September 2017. The10th summit was hosted in july 2018 by South Africa .
BRICS formed the New Development Bank in 2014, the first major international development bank with no participation from the OECD countries.These countries engage in international affairs on key issues such as climate change, regional security and anti-terrorism.

India BRICS talk



Focus on Terrorism - In 9th summit India had raised  issue about Pakistan based terror group Lashkar-e- Taiba & Jaish- e- Mohammad for causing violence in the region and said those supporting terror acts must be held accountable.
Focus on manufacturing and economic growth
 India's programmes like digital India,start up India and make in India can be benefited with BRICS partnership economic landscape of the country.
Increase in trade-
BRICS nation emphasized on boosting bilateral trade in the world where big nations are adopting the strategies of protection.

10th summit of South Africa- Johannesburg declaration
The BRICS summit in Johannesburg declaration has reaffirmed in the principle of democracy and  inclusiveness, implementation of the UN charter and respect of law. All five member also agreed to fight unilateralism  and protectionism.

The theme of the 2018 summit is ‘BRICS in Africa: collaboration for inclusive growth and shared prosperity in the 4th Industrial Revolution’

Stand on corruption-
The declaration has called for definite stand on corruption and extradition of economic offender and fugitives and their asset recovery.

international terrorism- 
 declaration also called for fighting international terrorism and early implementation of the comprehensive convention international terrorism.

India's stand- 
 India addressed the fourth industrial revolution presents both opportunities and challenges for BRICS nations. India has said that there is a need to be vigilant about adverse impact of the disruptive technologies on the economies of the developing nations. There is a need to focus on skill development  and vocational training to reap the benefits of 4th industrial revolution.  India will have to ensure that the rapid changes in the field of technology can be achieved in at least the same pace in the education curriculum. And further “India will have to design the syllabus of our schools & universities in a way that it prepares the youth for future”