1 hr ago

Tharoor Highlights BRICS Benefits After Chidambaram Questions India’s Gains

Tharoor Highlights BRICS Benefits After Chidambaram Questions India’s Gains
After P Chidambaram Questions BRICS Benefits, Shashi Tharoor Lists Some · NDTV

Shashi Tharoor said BRICS is useful because it brings important developing countries together.

He said the 11 BRICS countries represent most of the world’s people and 41% of global economic output.

Tharoor also said hosting the summit gives India prestige and shows that it can bring leaders together.

However, he admitted that the countries do not always agree on major world issues.

Their foreign ministers previously failed to produce a joint statement on conflicts involving Iran and Russia-Ukraine.

Tharoor also said India’s trade with BRICS countries has become unfavorable because exports fell while imports rose.

P Chidambaram said recent BRICS meetings had not produced clear benefits for India.

The BJP criticized Chidambaram for making that argument.

Key facts

BRICS membership discussed
Tharoor referred to 11 BRICS countries.
Global economic share
Tharoor said the countries represent 41% of global GDP.
Diplomatic role
Tharoor described BRICS as a platform for the Global South.
Summit hosting
He called India’s hosting of the summit a matter of prestige.
Consensus problem
BRICS foreign ministers issued a chair’s declaration rather than an agreed joint declaration after failing to bridge differences.
Trade imbalance
Tharoor said India’s exports to BRICS countries declined while imports increased.
Chidambaram’s assessment
Chidambaram said he had not seen tangible benefits from the last two or three BRICS summits.

Quotes

Shashi Tharoor

Congress MP and former UN diplomat

“I don't know how many Presidents and how many Prime Ministers are coming. I don't think the last two or three BRICS summits have resulted in tangible benefits or tangible results.”
NDTV
“When the foreign ministers met, we ended up with India as chair issuing a chair's declaration rather than an agreed joint declaration.”
NDTV

Sources

Related news