1 hr ago

India's BRICS Image Shifts From Weak Link to Global Powerhouse

India was once seen as the weakest member of the BRICS group of emerging economies.

In 2012, its economy was growing slowly and prices were rising quickly.

Some experts even questioned whether India should remain in the group.

Since then, the article says India’s economy has become much stronger.

India reported 7.8% growth in the first quarter of fiscal year 2026-27.

Its sovereign credit rating was also upgraded from BBB+ to A-.

India is now hosting the 2026 BRICS summit.

The meeting is described as a sign that other major countries see India as an important diplomatic and economic power.

Key facts

Summit: India is hosting the 2026 BRICS Summit.
Earlier assessment: Jim O’Neill once described India as the “least attractive” BRIC economy in valuation terms.
2012 economic conditions: India faced slowing growth, double-digit inflation and a weak rupee.
Recent growth: Real GDP growth was reported at 7.8% in the first quarter of fiscal year 2026-27.
Sovereign rating: The Japan Credit Rating Agency upgraded India from BBB+ to A- with a stable outlook in September 2026.
Diplomatic context: The summit is portrayed as a counterweight to Western-led groups such as the Group of Seven.
Strategic approach: India’s strategic autonomy and middle-power diplomacy are described as increasingly relevant amid US-China rivalry and geopolitical fragmentation.

NDTV · 1 hr ago