Published Paper Details:

With the disintegration of USSR, bipolar world order came to an end. Initially, United States hegemony and then multipolarity has become a dominant feature of the global order. The nation-states are not satisfied only with existing economic and political order in terms of their interest and wellbeing. They are coming with new regional groupings for their various kinds of national interests. Additionally, in the conditionalities of globalization, countries like India brought a paradigm shift in its foreign policy orientation by showing its interest in multilateralism and regionalization for combating problems concerning global common and fulfil its own national priorities. Accordingly, India became an active member of many regional multilateral forums like IBSA, BIMSTEC, BRICS and SCO and also biding for greater involvement in other platforms such as ASEAN. Among these, BRICS is one of the most significant grouping of emerging economies (Brazil, Russia, India, China and South Africa) that challenges western dominated governance and has become the centre of debates regarding future of global governance. India attaches great importance to BRICS keeping in mind economic and security consideration. Through the platform of BRICS, India is trying to raise crucial issues like anomalies in global economic governance led by Bretton Woods institutions, terrorism, more regional integration and Climate Change. Apart from the above issues, India is continuously enhancing cooperation with its member states. So even having vast differences within member states, BRICS is the most important and relevant regional grouping for India in the current global order. India is hoping great advantages in BRICS in years to come.