The BRICS and India’s Collaboration with Rising Powers: Friendship and Obstacles

The BRICS nations of Brazil, Russia, India, China, and South Africa are the developing powers investigated in this study as they relate to India’s relationship with them. Numerous BRICS nations, including India, have had long-standing historical ties with one another. Over the last several years, efforts such as “the New Development Bank and the $100 billion Contingent Reserve Agreement” have shed light on the unified goal of the BRICS nations to restructure the global financial architecture. However, there are a few areas of worry within the BRICS, one of which is the low amount of foreign direct investment. In addition, while institutional arrangements and monetary mechanisms already exist within BRICS to expand economic ties, these mechanisms and arrangements nevertheless need to be used to the utmost extent possible via consistent communication.