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Source: The post is based on the article “BRICS has become a platform for Global South: PM” published in The Hindu on 23rd August 2023.
What is the News?
The Indian Prime Minister is in South Africa for the 15th BRICS Summit to be held in Johannesburg.
What is BRICS?
What is the theme of the 15th BRICS Summit?
Theme: “BRICS and Africa: Partnership for mutually accelerated growth, sustainable development and inclusive multilateralism”
Significance: The 15th BRICS summit is the first in-person meet since 2019 and the COVID-19 pandemic and the first since the Russian war in Ukraine.
What is the BRICS agenda for 2023?
Expansion of BRICS is one of the key agenda of the 15th BRICS Summit. All the bloc members first need to agree on new criteria new members need to meet.
– More than twenty countries have formally expressed an interest in joining the grouping, including Saudi Arabia and Iran.
The group will also discuss reducing the dollar’s dominance and several BRICS nations have already begun their trade in local currencies.
Why is this BRICS summit important for India?
Firstly, this BRICS summit carries special importance for India. This is the first in-person summit since the military standoff with China at the Line of Actual Control began in 2020.At the BRICS meet, Indian Prime Minister will come face to face with the Chinese President.
– This meeting would be significant in terms of resolving the LAC situation, where an estimated 1 lakh soldiers stand at the boundary on either side.
Secondly, for India, the platform could be a means of establishing its larger efforts to represent the Global South.
