Beijing’s ambivalence came to fore at BRICS and engagement with New Delhi while India showed promise, responsibility and capacity to lead
In this reshaping of the BRICS landscape, India has assertively stamped its diplomatic and strategic acumen under Prime Minister Modi, outpacing the Chinese dragon with the calculated grace of an elephant—focused, powerful, and increasingly influential.
In the years since its inception over a decade ago, BRICS — Brazil, Russia, India, China, and South Africa — has matured as an influential conglomeration for majority world. Engaging in dynamic interactions with the developed world, this ensemble stands on the cusp of potentially challenging G7’s dominance in global affairs.
Yet, the trajectory it charts—be it one of constructive collaboration or divisive contention—will hinge heavily on the vision the forum holds. As Asian heavyweights, India and China have to jostle to sway BRICS their way as their strategic contest will shape 21st-century geopolitics.
BRIC birthed on sidelines of the 2006 UN General Assembly as a grouping of large developing countries. Goldman Sachs economist Jim O’Neill has been credited for evolving the acronym in 2001 that captures zeitgeist of an era smitten with emerging markets. Those days, Brazil, Russia, India, and China were seen as newest frontiers of investment.
By 2011, with South Africa coming on board, the acronym matured to BRICS. Today, the group no longer represents mere buoyant markets. It symbolises a collective intent to recalibrate the equitable global order historically skewed towards Western hegemony. Yet, for all its promise, BRICS stands at an inflection point.
Skeptics question its cohesion, pointing to underlying rifts among member nations and ambiguity on its very purpose and membership. Yet, BRICS believes in the adage ‘strength in numbers’ as it quests towards a multipolar world order where developing countries have more influence, in line with their contributions to the global economy.
Even as BRICS nations represent an overwhelming 41 per cent of world’s population, the bloc accounts for 31.5 per cent of global GDP, eclipsing the G7’s 30.4 per cent. It also commands a combined economic output valued at an astonishing $ 26 trillion, around 60 per cent of what the seven most industrialized nations generate. The staggering figures notwithstanding, a glaring inconsistency exists: the bloc’s modest voting power in the International Monetary Fund and limited decision-making in World Bank. It does not commensurate with the global influence BRICS commandes.
Such disjunction magnifies a substantial source of apprehension among developing nations that have for long been seeking corrective measures to democratize these international financial and governing institutions.
More than 40 heads of state gathered for the Johannesburg summit and the event marked a significant pivot in global affairs. Hosted by South Africa, the year’s rotating president following China, the theme—”BRICS and Africa: Partnership for Accelerated Growth and Inclusive Multilateralism”—spoke volumes.
Notably, South African President Cyril Ramaphosa revealed that the forum had drawn intense global interest, with numerous nations seeking membership. However, amidst this diplomatic panorama, the magnetism of two Juggernauts stood out: India’s Prime Minister Modi and China’s President Xi, whose talks generated media frenzy. Correspondingly, the two leaders did have an “informal conversation” at the leaders lounge in backdrop of a pending request from the Chinese side for a bilateral meeting with India.
India – China relations are etched in history of mutual reservations. Recently, tensions flared anew between the two Asian giants in 2020 when China ramped up its aggression along the Line of Actual Control (LAC), a move met with formidable resistance by India. The saga of China Pakistan Economic Corridor (CPEC) traversing through Pakistan occupied Indian regions of Gilgit-Baltistan and Jammu and Kashmir further complicates matters.
These areas, occupied by Pakistan, are consistently contested by India as it persistently voices its objections on the International forums against the corridor. But Beijing’s ambitions don’t stop at terrestrial borders. It aims to shape the BRICS bloc – as a cornerstone of its own global strategy. From pushing the Belt and Road Initiative (BRI), China seeks to recalibrate the world’s economic compass.
On the contrary, steering clear of China’s political choreography, India zeroes in on bolstering regional economic collaborations and pushing for a recalibration of international monetary institutions to ensure the developing world isn’t left out. This nuanced strategy became increasingly transparent when India’s Foreign Minister, S. Jaishankar, dispelled notions of a nascent BRICS currency, electing instead to underline the importance of fortifying Indian Rupee in July this year. As BRICS itself stands at a crossroads and appears to positioned for a transformative global narrative, India navigates these waters with discerning caution. It remains vigilant to shifts that could potentially reconfigure this 16-year-old alliance in favour of a single, dominating power, effectively altering the multi-polar balance that has long characterised the consortium.
As the gavel struck to signal close of the 15th BRICS Summit at Johannesburg’s Sandton Convention Centre, a renewed world order seemed to crystallize before the global community. The seismic pivot came courtesy South African President Cyril Ramaphosa, who announced the summit’s agreement to extend membership invitations to six emerging powers—Argentina, Ethiopia, Egypt, Iran, Saudi Arabia, and the United Arab Emirates. This dramatic enlargement, scheduled to take effect in January 2024, would make the bloc represent approximately 30 per cent of the global GDP, a financial heft rivaled by few.
Amid this climate of heightened anticipation and future promise, India’s Prime Minister Narendra Modi emerged as the summit’s lodestar, charting the bloc’s course with a visionary range of proposals that struck a stark contrast to China’s mysterious reticence.
Modi did not just navigate intricacies of the summit; he orchestrated them. India’s domestic and international roadmaps were laid out with compelling clarity. Whether articulating his ambitious aspiration for India to graduate to a developed nation by 2047 or laying bare his robust advocacy for key reforms in the United Nations Security Council and the World Trade Organization, Modi’s leadership radiated across multiple vectors. This was further illuminated by India’s pitch in the digital payments sphere, notably the Unified Payments Interface (UPI) and a groundbreaking proposal for a global space-exploration consortium aimed at fostering shared research and weather monitoring in backdrop of India’s grand lunar mission Chandrayaan3 success.
While Modi was architect of forward momentum, China’s President Xi Jinping turned out to be an enigma that stoked perplexity. Scheduled to present his vision for BRICS alongside other world leaders, Xi’s unexplained absence left a gap awkwardly filled by his Commerce Minister Wang Wentao.
The minister’s speech, laced with implicit critiques of US hegemony, seemed to only amplify the enigmatic ambivalence that surrounded China’s commitment to the BRICS alliance. This vacuity, exacerbated by the conspicuous silence from Beijing and its state media, prompts critical questions about China’s strategic intentions and future engagement with BRICS. At the end, President Xi did show up at the BRICS venue and even held a pull aside ‘informal chat’ with Prime Minister Modi on key bilateral border issues. But, this did not help clear the China’s ambivalence.
At the end, India stood not merely as a member but as vanguard of the alliance, demonstrating its capacity to lead the BRICS into a future replete with multipolar cooperation and mutual respect. The summit became a foil, reflecting the dynamism and international prowess of India against the ambiguous and opaque international posture of China.
G-20 presidency that India currently holds, acknowledged in the joint statement, further amplified global confidence in New Delhi’s ascendant leadership. In reshaping of BRICS landscape, India seems to have put its stamp in diplomatic and strategic acumen under Prime Minister Modi, outpacing Chinese dragon with the calculated grace of an elephant —focused, powerful, and increasingly influential.