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BRICS Gains Influence in Emerging Multipolar World Order

BRICS Gains Influence in Emerging Multipolar World Order
BRICS emerging as key force in multipolar world, challenges US economic dominance: Manas Behera · thehansindia.com

BRICS is a group of countries that is becoming more important in world affairs.

Its summit is being held while countries face conflicts and energy problems.

Professor Manas Behera said BRICS could help create a world where power is shared among more countries.

He said the group may also encourage members to use their own currencies more in trade instead of relying so heavily on the US dollar.

BRICS is discussing issues such as climate change, artificial intelligence, terrorism and world peace.

India is using the summit to talk with Russia, Iran and China.

India and Russia may expand cooperation in energy, defence and other industries.

India and China may also look for more trade despite disagreements over their border and economic relationship.

Key facts

Summit
18th BRICS Summit
Host
India, under its presidency
Membership
11 full members and 10 partner countries
Global representation
About 40% of global GDP and 49% of the world’s population
Main theme
Resilience, innovation and sustainable economy
Currency discussions
Greater use of national currencies in bilateral trade
India-Russia trade target
$100 billion by 2030

Quotes

Manas Behera

Foreign affairs expert and professor

“Under India's presidency, the 18th BRICS Summit is extremely important not only for India or its bilateral relations, but for the entire world.”
thehansindia.com
“This is certainly a challenge to the dominance of the dollar, but this summit is not about completely eliminating the dollar.”
thehansindia.com

Sources

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