The BRICS summit in New Delhi brings together key leaders from major emerging economies against a backdrop of increasing geopolitical tensions, particularly involving the U.S. and its trade policies.
The meeting is significant as it may foster greater collaboration among BRICS nations, which include India, Russia, and China, in areas such as trade and energy, especially in light of U.S. sanctions and tariffs.
Analysts like Chietigj Bajpaee from Chatham House suggest that the summit could advance the ongoing stabilization of India-China relations, which have been strained since border clashes in 2020. Meanwhile, Russia's reliance on partnerships with countries like India and China has grown due to Western sanctions over its actions in Ukraine.
The summit will also test the cohesion of BRICS, which has expanded to include diverse members with varying interests, complicating consensus-building. While some members push for a shift away from dollar dependence, the group remains focused on development and reforming global institutions rather than forming an anti-U.S. bloc.
The outcomes of this summit could influence the future economic strategies of these nations and their relationships with the U.S. and each other