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Thursday, February 1, 2024
BRICS Expanded So What Next
The BRICS group, initially comprising Brazil, Russia, India, and China, emerged as a forum for discussion and policy cooperation among key rising market nations
Egypt aims to deepen ties with other BRICS members after acceding to the group at the start of this year, and trade volumes have already been strengthening, the country’s planning minister said
Saudi Arabia is still considering an invitation to become a member of the BRICS bloc of countries after being asked to join by the group last year, two sources with direct knowledge of the matter told Reuters
At the dawn of this year, five more countries became full members of BRICS, a transnational association which until then consisted of Brazil, Russia, India, China and South Africa, and thus became BRICS+ (BRICS Plus), totalling 10 countries
India today is the fastest-growing economy in the world, with a strong outlook of 7-8 per cent growth rates for the coming decade. Russia, despite having become the most sanctioned economy in the world, has shown uncommon resilience and returned to positive GDP growth
The BRICS consortium, a vital forum for emerging markets and developing nations, has officially welcomed five new members—Egypt, Iran, Saudi Arabia, Ethiopia, and the UAE. Their integration into the group took effect on January 1, 2024, marking a significant expansion for the alliance
The five-day visit of External Affairs Minister S. Jaishankar to the Russian Federation from 25-29 December 2023 has caused quite a stir both in India and Russia and abroad as many angry opinion pieces in Western media show. Why has this visit caused this stir; what was the visit meant to convey; was it meant to reboot bilateral relations or is there an inevitability to Indo-Russiam ties?