- Friday, December 09, 2022
By: Eastern Eye Staff
Prime minister Narendra Modi will look to reinvigorate the BRICS group of emerging nations at a summit this weekend, with India seen as a bright spot in a bloc whose clout has been undermined by economic woes. BRICS – a club made up of Brazil, Russia, India, China and South Africa – was formed in 2011 with the aim of using its growing economic and political influence to challenge Western hegemony. The nations, with a joint estimated GDP of $16 trillion (£13tr), set up their own bank in parallel to the Washington-based International Monetary Fund (IMF) and World Bank, and…
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