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BRICS: Prospects for a Better Economic Horizon

Author : Jayshree Sengupta

Issue BriefsPublished on Sep 15, 2023 Brics Prospects For A Better Economic HorizonPDF Download
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Brics Prospects For A Better Economic Horizon

BRICS: Prospects for a Better Economic Horizon

The world of BRICS is expanding. Despite setbacks, this association of Brazil,
Russia, India, China and South Africaall of them important, emerging-market
economiesremains relevant as it continues to comprise a big share of the world's population,
its resources, and global trade. This paper describes the rise of BRICS and their growing mutual
interest in cementing their economic and political ties. It argues that while problems remain in
promoting cohesion among the member countries and their economic slowdown has reduced
their relative importance, BRICS' potential is still unfulfilled.

BRICS nations are exerting their clout in a world where they have massive share of not only the global population, but global wealth as well. Despite setbacks, BRICS remains relevant in creating a multipolar world.

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Author

Jayshree Sengupta

Jayshree Sengupta

Jayshree Sengupta was a Senior Fellow (Associate) with ORF's Economy and Growth Programme. Her work focuses on the Indian economy and development, regional cooperation related ...

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