4 days ago

BRICS remains India's hedging tool amid possible G2, G3

BRICS remains India's hedging tool amid possible G2, G3
'BRICS remains a useful hedging instrument': Expert explains what G2, G3 would mean for India · businesstoday.in

BRICS is a group where countries discuss shared interests and global problems.

An expert says it has become more useful because the world is divided and uncertain.

India can use BRICS to work with different countries without choosing only one major partner.

However, the expert does not think BRICS is powerful enough to redesign the whole world order.

Adding many more members could make it harder for the group to agree.

A world dominated by the United States and China, called a G2, could make things more difficult for India.

A system dominated by the United States, China, and Russia, called a G3, could also be a setback for India.

The expert will watch what BRICS says about wars, relations with the West, and possible common payment arrangements.

Key facts

Summit
18th BRICS Summit
Host
India
Location
New Delhi
BRICS role
A useful hedging instrument and forum for issue-based cooperation
Main concern
Rapid expansion could reduce cohesion and relevance
Possible alternatives
A G2 involving the United States and China, or a G3 involving the United States, China, and Russia
Issues to watch
Summit language on ongoing wars, the West, common currency, and payment mechanisms

Sources

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