 
PM Narendra Modi recently went on an important visit to Russia. This time it was to attend the BRICS summit-an extremely influential meet-up of emerging countries. The blog below will detail all the relevance of this summit, what’s discussed, and in which areas are the strategic interests of India.
What is the BRICS Summit?
The BRICS summit is comprised of five major economies: Brazil, Russia, India, China, and South Africa. The group collaborates on a number of topics with the other nations, including trade, finance, and security. BRICS brings these nations together in an effort to create a more balanced multipolar world.
This year, the forum was hosted in Russia. The latter’s hosting of the summit was seen as reflective of Russia’s becoming the leader of the club. Indian attendance underlined India’s desire to find a way of dialogue and cooperation.
Hence, it was significant in the foreign policy as well as in economics.
Some Burning Issues on the Agenda
Several major concerns were at the forefront of the agenda that defined the summit. The first was economic cooperation, which they treated as a priority. The discussion agenda set by the leaders involved: they spoke about measures to improve trade among member countries. They acknowledged that development jointly in this sphere can lead to the improvement of growth and stability in the whole sphere.
Climate change and sustainable development have become significant issues. The problems of environmental sustainability are peculiar to BRICS countries. Therefore, they discussed initiatives directed toward the development of “green” technologies and renewable energy.
And security concerns moved to the forefront. Member states realized the strength of collective security in a world that was experiencing geopolitical tension between countries. They spoke, often enough, about counter-terrorism and regional stability.
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India’s Strategic Interests
India is very interested in participating at the BRICS summit. Modi’s government has believed in BRICS as an opportunity to amplify its voice on world issues. By attending fellow leaders, India seeks to strengthen its leverage.
Evidently, India would try to strengthen economic cooperation with others from the BRICS community. An example is the fact that it has especially enormous opportunities in strengthening trade with Brazil and South Africa. These agreements will diversify India’s economic interactions with other countries and reduce its dependency on old allies.
Furthermore, Modi reiterated India’s commitment toward sustainable development. He reiterated the statement made earlier that cooperation was the need of the hour to tackle climatic changes. This, of course is in line with the larger objectives of India–to promote alternative energy and reduce carbon footprints.
The Takeaways From Modi’s Speech
During the summit, he presented eloquent speech on the vision of India. During his speech, he expressed his wish for increased cooperation between the BRICS nations to resolve the problems of the world. His message was all about unity and actions for unity.
Modi also underscored the need for the restructuring of the global governance frameworks and believed that it was work in inclusivity, as the emerging economies too get a voice. This will be quite crucial for more equitable growth and redressing the systemic imbalance.
Modi then spoke about the role of technology in propelling growth. He asked BRICS nations to cooperate with each other over technologies. Sharing knowledge and resources will indeed keep innovating and abreast the world position.
Answers from other Leaders
Most of the leaders welcomed Modi’s speech as a good one, and they were willing to amalgamation. They felt that collective efforts are needed to overcome the problems of this world.
Leaders of China and Brazil emphasized the deeper economic integration. This happened because they realized that improvements in trade relations between BRICS nations have tremendous potential. Debates over trade treaties and economic policies gained momentum.
It also accepted support for India’s causes. President Vladimir Putin, in one of his speeches, had said that BRICS is the protector of peace and stability in the post-bipolar world. This approval marks full alignment with the strategic goals of India.
The Future of BRICS: In Future
The summit goes into the future with promise. Mutual commitment towards cooperation does surely offer a rosy prospect for growth into the future. But challenges ahead include how geopolitical conflicts and economic differences are addressed.
BRICS countries must have discussions amongst themselves. Periodic summits and debate sessions can enhance bilateral relations amongst the countries involved in the group. The internal conflicts that BRICS nations face will also have to be sorted out in order to act in a very cohesive manner.
The role of India in BRICS is going to be much more dynamic as the international situation keeps changing. Being an emerging economy, India is most probably going to undertake most of the initiatives within the BRICS group. Using its powers on its various strengths, India must facilitate the new path for BRICS.
Therefore, the presence of PM Modi at the BRICS summit is a sign of Indian strategic intent. On the table of discussion would be economic cooperation, the challenges of climate change, and security issues. In the face of such great challenges to the world, the BRICS grouping is the greatest place for cooperation. Finally, collective efforts will once again lead to a better future as well as a peaceful one for the member countries. Click here for source
