BRICS - Discuss multilateralism and internal contradictions. Recently concluded 14th BRICS summit in light of numerous internal contradictions.

BRICS is an intergovernmental organization comprising economies like India, China, Russia and Pakistan. It focus on economic, security and cultural aspects.

Both BRICS leading path for reformed multilateralism —

Creation of New Development Bank, to support projects in Developing countries

Contingency Reserve Agreement, of on the lines of IMF's SDRs.

Openly calls against all forms of terrorism.

The 14th BRICS summit was attended by Russia as well. Thus, this spite can be adopted for mediating Russia-Ukraine conflict.

BUT there are internal contradictions:

1. China talks of inclusive growth in BRICS, but → transgression by PLA & China along LAC, tensions in Arunachal Pradesh border.

2. Although terrorism is condemned, it China has blocked inclusion of LET terrorist member in UN Sanctions List-

3. Pakistan embraces state sponsored terrorism through its policy of bleeding India with a thousand cuts.

China engages in debt track diplomacy while calling for sustainable economic growth inside BRICS.

China also obstructs India's entry into Nuclear Suppliers Group.

The contradictions need to be reconciled, through negotiations and discussions. BRICS has potential to be a major Asian economic grouping

— GAURAV OJHA · AIR 204