The BRICS, which represent nearly half of the world's population, seek to consolidate as a powerful economic bloc. At their recent summit in New Delhi, they analysed their geopolitical influence and the internal tensions that could hinder their growth.
The BRICS nations, which include countries like Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, the United Arab Emirates, Iran, and Indonesia, are emerging as a key player in the global economy. According to expansion.com, their summit held on September 12 and 13 in New Delhi highlighted their growing economic weight, representing around 40% of the global economy in purchasing power parity.
Despite their potential, internal divisions within the bloc could obstruct their consolidation. The recent summit presented a united front, but it also revealed tensions among its members, such as India, which seeks to maintain its independence in the face of China's increasing influence.
The leaders discussed the need to create an alternative front to US dominance, although the debate about the role of the dollar as a reserve currency was muted. Indian Prime Minister Narendra Modi took a discreet approach in preparing for the event, contrasting with the media attention the G20 summit received three years ago.
In this context, the director of the Global South programme at the Quincy Institute, Sarang Shidore, warned about the challenge facing the bloc: “The diversity and internal disputes mean they are not prepared to fully seize the occasion.”
As the BRICS evolve, the international community watches how this group of developing nations could redefine economic dynamics in the 21st century.
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