We have heard, many summits, meetings and conferences are organized at globally and BRICS is one of them. In this article we’ll get to know “What is BRICS and Is BRICS a military alliance?”.

What is BRICS and Is BRICS a military alliance?

There are many summits, meetings and conferences of high levels officials, such as head of state or government from multiple countries. It often used to conduct diplomatic negotiation or ease international tensions. It has pre-determind agenda. so, what is BRICS and Is BRICS a military alliance?

BRICS is an inter-governmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates for identified to highlight investment opportunity and Non-interference equality for mutual benefits.

Objectives of BRICS for mutual Benefits: –

Promote Economic cooperation: BRICS aims for economic ties between its member countries for trade, investment, financial support, and technology.

Increase political support: BRICS aims to increase economic and political support at global level for mutual benefits.

Promote peace and security: BRICS aim to mutual understanding for peace and security among on its members countries.

Support sustainable development: BRICS aim to support to its member countries for sustainable development, for this BRICS established the New Development Bank (NOB) for mobilize resources for infra-structure and sustainable development projects.

Reduce dependency from west: BRICS countries want to reduce their dependency from west on financial institution and currencies to protect against financial crises and trade disruptions.

Reform to united Nation (UN): BRICS supports to UNO for make it more democratic, representative and effective.

Benefits of BRICS for India: –

India has benefited from its membership in BRICS in many ways,

Economic opportunity– India has access of 3 billion people’s market from BRICS members countries, which provides variety of Business opportunity for Economic development of India.

Economic funding– India receives funding from the New Development Bank (NDB) for its development projects. The NDB’s headquarter in Shanghai, China. NDB supports initiatives like clean energy, Infrastructure and sustainable development.

Global Platform– BRICS provide to its member countries a global Platform to engage and solve issues like security, terrorism climate and crises.

South-south cooperation– India can promote south-south cooperation in areas like trade, investment, technology transfer and financial support.

Cultural and academic exchange– BRICS promotes cultural and academic exchanges, which can enhance mutual understanding among member countries

Reasons, why India is member of BRICS: –

• Member countries are big countries in both area and population and face same challenges.
• Member countries want opportunity for sustainable development and make proper use of their untapped economy through collaboration.
• BRICS members aim to make ultimate infrastructure in economic and financial fields.
• BRICS member countries want to explore the market in their region as the countries are gateway into macro region like South Africa for African region, Brazil for Latin American region.

Prime minister Narender Modi is set to visit Russia for the BRICS summit in Kazan on Tuesday. Focusing on economic cooperation and other key issues with the BRICS framework.

PM said: leaving for kazan, Russia, to take part in the BRICS summit. India attaches immense important to BRICS, and I look forward to extensive discussions on a wide range of subjects. I also look forward to meeting various leaders there, On X.

Conclusion

India values the close cooperation within BRICS which has emerged as an important platform for dialogue and discussion on issues concerning the global development agenda, reformed multilateralism, climate change, economic cooperation, building resilient supply chains, promoting cultural and people to people connect, among others. The expansion of BRICS with the additional of new member last year has added to its inclusivity and agenda for the global good. So, BRICS is not military alliance.