BRICS is expanding, but are its members really building a new world order?
- ThePrint argues BRICS is expanding because countries want more options, not because members share one common vision.
- India gives BRICS balance by engaging China and Russia while also staying close to the US, Europe and Japan.
- The bloc’s practical value lies in its development bank, crisis fund and efforts to make cross-border payments cheaper.
- A common BRICS currency could increase dependence on the Chinese yuan, while members still differ sharply on geopolitics.
Source: theprint.in
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