BRICS is a multilateral form of developing countries cooperating on economic, political & strategic terms

BRICS is a multilateral form of developing countries cooperating on economic, political & strategic terms. [Diagram showing BRICS countries map with labels: Russia, China, India, Brazil, South Africa] BRICS countries: Collective Strength - Cooperation on myriad issues: → Creating an inclusive financial infrastructure like Contingent reserve arrangement → Reducing hegemony of dollar in international trade by using BRICS currency → Cooperation on development by creating NDB for loans & grants → Cooperation on climate change, terrorism → Cooperation for reforms in multilateral forms like UN, WHO.

Limited influence on trajectory of bilateral relationships: 1) Failure to addres & cooperative ties-club border issue. 2) Failure to utilize header potential with BRICS countries. 3) Diverging interests like Russia-China and India-VS. 4) Difficult to build consensus on definition of terrorism. Need of the hour is to utilize BRICS platform for enhancing trade and strategic relationships bilaterally.

— Nidhi Goyal · AIR 91