Why India needs BRICS, Russia
WHEN British economist Jim o’Neill first coined the acronym BRIC in 2001, he likely did not anticipate that this linguistic quip would evolve into one of the most promising formats in recent history.
o’Neill simply noted common characteristics among major emerging economies and, unintentionally, uttered a self-fulfilling prophecy. But his words were heard clearly — and five years later, in June 2006, the economic ministers of Brazil, russia, India, and China, who gathered at the St Petersburg International economic Forum, brought the catchy term to life.
Thus, BRIC was born, and became BRICS after South Africa joined in 2010, before evolving into BRICS+ in 2024.
over the years, this new format, seemingly stitched together with a loose thread, has often been predicted to fail, but it has proven unexpectedly resilient.
Its success has persisted despite geopolitical disagreements between two of the founding countries — China and India —whose troops have repeatedly clashed along the border in Himalayas. BRICS has also survived financial crises and the pandemic.
What is the secret to BRICS’ resilience? Perhaps it lies in its suitability for the new realities.
The era of alliances with mandatory membership and rigid commitments is over. The current global system requires new forms, prompting the creation of networked “coalitions of the willing.”
No obligations except those voluntarily assumed by each state, no restrictions on participation in other “coalitions of the willing,” no long-term demands.
The fact that you support a country on one issue does not mean you will support it on another.
Simple, clear, mutually beneficial interaction, and the absence of a military component all these contribute to the stability of BRICS. For India, BRICS+ membership is significant for several reasons.
Firstly, it provides a strong platform for increasing economic interaction with other emerging powers.
The Indian leadership views economic development as a necessary foundation for claiming great power status.
Currently, India is the world’s fifth-largest economy; barring serious cataclysms, in a couple of decades it will become the third largest and can aspire to a more significant role in the global governance system.
To realise this dream, India needs new investment, technology, and increased export revenues, which can only be achieved through enhanced economic partnerships with other countries, including through financial and trade mechanisms within BRICS.
Secondly, it is a matter of status. For decades, India has persistently sought a permanent seat on the United Nations Security Council.
In the eyes of the Indian political elite, the Council addresses key global issues —and India’s absence from it is a source of dissatisfaction.
Indeed, why is India inferior to the UK and France?
economically and militarily, it surpasses them. It also possesses nuclear weapons, and is one of the UN’s founding members, having been among the victors of World War II.
or, as politicians in New Delhi ask, is it simply that the ancestors of contemporary Brits and Frenchmen once organised mass plunder, destroying several ancient civilisations and ensuring their economic growth and global hegemony with looted treasures? Where is the justice in that?
In other words, everyone seems to agree that India should be given a permanent seat on the Security Council. The problem is that when the UN was created, no one imagined that the Council would ever need to be reformed (at that time, decolonisation as it later occurred seemed unlikely).
realising that it is unlikely to get a permanent seat on the Security Council, India decided to act differently.
Given that the UN is in a perpetual crisis, New Delhi has bet on alternative formats, including BRICS. The very composition of BRICS allows it to be considered as the core of a future world architecture — if the Security Council fades away.
This suits New Delhi well: in such a case, it will be part of the core governing body of the new world order from the very beginning. Although permanent UN Security Council membership gives China a status advantage, in BRICS, Beijing and New Delhi communicate on equal terms.
This means that BRICS is quite suitable as a platform for negotiating important issues directly with China — on the understanding that if necessary, the patron will pressure the client, and force Islamabad to make concessions on matters important to New Delhi.
Thus, for India BRICS is extremely important — and for russia, India is a crucial part of BRICS.