Tag: BRICS

Trump’s Warning to BRICS: A 100% Tariff Threat Over De-Dollarisation

Manish Kumar

What is BRICS and Why is It Challenging the Dollar? The BRICS group—comprising Brazil, Russia, India, China, and South Africa—represents a powerful economic bloc seeking to reshape global trade. Established to enhance economic cooperation among emerging markets, BRICS has expanded over the years, with new members such as Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates joining the alliance. One of BRICS’ major initiatives has been exploring alternatives to the US dollar in international trade, a move that has gained traction amid Western sanctions on Russia and increasing global…

2024 Recap: PM Modi’s Notable International Trips, Including US and Ukraine Visits

Manish Kumar

Indian Prime Minister Narendra Modi in 2024 embarked on several crucial foreign visits, including his state visit to the US, and visits to Ukraine, Russia, and Italy. These visits bolstered India’s standing in the global geopolitics. In 2024, Prime Minister Narendra Modi embarked on crucial visits to major countries, including the United States of America, Russia, France, Italy, and Ukraine, among others. These visits were significant for the fact that each visit bolstered India’s position in the shifting geopolitical scenario. In the backdrop of the Russia-Ukraine conflict, the Indian PM…

Russia’s ‘Make in India’ Ambitions: A New Era of Bilateral Cooperation

Manish Kumar

A Strategic Pivot in Indo-Russian Relations Russia’s burgeoning interest in India’s manufacturing sector signals a transformative phase in Indo-Russian economic ties. Speaking at the 15th VTB Russia Calling Investment Forum, Russian President Vladimir Putin lauded India’s business environment, emphasizing the profitability of investing in the country. Acknowledging the strides made under Prime Minister Narendra Modi’s leadership, Putin highlighted the alignment between Russia’s import substitution agenda and India’s “Make in India” initiative. This evolving partnership is poised to redefine global perceptions of collaboration between emerging economies, particularly in the wake of…

Trump’s Threat to BRICS Over Dollar Dominance: Implications for the U.S., India, and Global Trade

Manish Kumar

The Weaponization of the Dollar The dominance of the U.S. dollar in global trade and finance has been a cornerstone of America’s geopolitical and economic power. However, recent moves by countries to diversify away from the dollar have sparked significant pushback from the United States. This trend is exemplified by efforts from the BRICS nations—Brazil, Russia, India, China, and South Africa—to explore alternatives to the dollar. U.S. President-elect Donald Trump’s threat of imposing 100% tariffs on these nations if they pursue such initiatives has escalated tensions, raising critical questions about…

Russia-India Relations Deepen with Deputy PM Manturov’s Visit: Key Milestones and Future Prospects

Manish Kumar

A Renewed Push for Russia-India Relations Russia’s First Deputy Prime Minister, Denis Manturov, is currently in India on a two-day visit, aiming to bolster economic, technological, and cultural ties between the two countries. This visit underscores a strategic relationship that has evolved over decades, reflecting mutual interests in defense, trade, scientific cooperation, and multilateral engagement. Manturov’s itinerary includes attending the Indian-Russian Business Forum in Mumbai and co-chairing the 25th session of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technical, and Cultural Cooperation (IRIGC-TEC) in Delhi alongside India’s External Affairs…

Brazil Rejects China’s BRI, Says No to Using Trade Projects as ‘Insurance Policy’

Manish Kumar

According to the Brazilian presidential adviser, the aim is to use some of the Belt and Road framework to find “synergy” between Brazilian infrastructure projects and the investment funds associated with the initiative, without necessarily formally joining the group. Beijing: n a major setback to China’s BRI, Brazil has decided against joining Beijing’s multi-billion-dollar initiative becoming the second country after India in the BRICS bloc not to endorse the mega project. Brazil, headed by President Lula da Silva, will not join the Belt and Road Initiative (BRI) and instead seek…

India-China Tensions Ease as Disengagement Begins Along Ladakh’s LAC

Manish Kumar

In a significant diplomatic and military breakthrough, India and China have commenced the dismantling of 2020 border structures   First Steps Toward Peace Along the LAC The longstanding military standoff between India and China in eastern Ladakh has entered a new chapter of resolution, as both nations began dismantling temporary structures along the Line of Actual Control (LAC). Following an agreement reached on October 21, Indian and Chinese troops are pulling back from several friction points, with each side dismantling tents and fortifications set up since tensions began in 2020.…

India’s Unparalleled Geopolitical Standing Highlighted at BRICS Summit

Manish Kumar

The recently concluded BRICS Summit in Kazan, Russia, has underscored India’s growing geopolitical influence and its unique position on the global stage. According to Ian Bremmer, a leading political risk expert, India currently holds the “best geopolitical position globally.” This assessment comes in light of India’s leadership role in the Global South, its stabilizing relations with China, and its friendly ties across the G7, with the exception of Canada. As India continues to navigate complex global dynamics, it finds itself in an unparalleled position, balancing relationships with major global powers.…

PM Modi’s Visit to Russia for BRICS Summit: Key Diplomatic Engagements in Kazan

Manish Kumar

Prime Minister Narendra Modi departed for the Russian city of Kazan today to attend the 16th BRICS Summit, marking a significant diplomatic event for India. The summit, hosted by Russian President Vladimir Putin, will bring together leaders from BRICS nations, including China’s President Xi Jinping, for crucial discussions on global issues. The two-day visit, which begins today, highlights India’s pivotal role in shaping the future of BRICS and strengthening multilateral ties amid ongoing global conflicts. Bilateral Meeting with Putin and Other BRICS Leaders Upon his arrival in Kazan, PM Modi…

PM Modi to Attend BRICS Summit in Russia: Key Bilateral Meetings Expected

Manish Kumar

Prime Minister Narendra Modi is set to visit Russia from October 22-23 to attend the 16th BRICS Summit in Kazan, at the invitation of Russian President Vladimir Putin. This visit holds particular significance as it not only highlights India’s active role within BRICS but also includes crucial bilateral talks with global leaders, especially Putin. The summit offers a platform for discussions on multilateralism, development, and security, with global implications. Understanding BRICS and India’s Role BRICS is a key economic and political grouping, bringing together five major emerging economies—Brazil, Russia, India,…