The recently concluded twin summits in Ufa – the summits of the BRICS (Brazil, Russia, India, China and South Africa) grouping and the Shanghai Cooperation Organization (SCO) – are a strategic milestone for the emerging global order. The outcomes of these summits also hold significance for India’s future role in it.
While the formal establishment of the New Development Bank has made the BRICS a serious international actor in the financial arena, the inability to reach similar consensus on issues of UN reform, the governance of the Internet and even counter-terrorism will limit its political clout to shape the emerging world. India, which assumes the leadership of the grouping and will host the next summit, would do well to build a consensus to transform the BRICS into a significant strategic global actor. Read the entire op-ed at http://www.russia-direct.org/opinion/revealing-real-strategic-significance-brics