BRICS Hosting: India’s Strategic Balancing Act Between Global Powers
Cooperation areas
Source: Loksatta | Original Published At: 2026-01-22 00:19:54 UTC
Key Points
- India maintains strategic autonomy while participating in both BRICS and Quad (US-Japan-Australia-India) frameworks
- BRICS expansion now represents 48% of global population and 41% of world GDP, challenging Western-dominated financial systems
- US expresses concern over BRICS' de-dollarization efforts threatening America's $38 trillion debt capacity
- New Development Bank aims to become alternative to World Bank and IMF for Global South countries
- Russia and China push for stronger BRICS commitment despite India's cautious approach to trilateral RIC framework