1. BRICS began in 2001 as an acronym for the fast-growing economies of Brazil, Russia, India, China and South Africa coined by an economist at Goldman Sachs. Formal cooperation began in 2006 and the first BRICS summit was held in 2009. 2. BRICS seeks to deepen cooperation between members in economic, political, and social areas. Key areas of cooperation include increasing trade and investment, establishing financial institutions like the New Development Bank, and exchanges in areas like education, culture, and youth. 3. For India, BRICS provides a platform to work with emerging economies on issues like terrorism, climate change, and reforms to global governance. India has hosted two previous BRICS summ

1. Lovely
PROFESSIONAL
UNIVERSITY
Name : Bharti Sangwan
Reg No : 12114238
Course Code : POL226
Submitted To : Dr. Gurjeet Kaur Ma'am
ASSIGNMENT 2
Topic : BRICS: Achievements, Failures and Future – an Analysis

2. Table Of
content
PRESENTATION TITLE 2
Background Brief History
Objective
Analysis of
areas of
corporations
Indias stand
for BRICS
Importance of
BRICS for
India
BRICS 2021 &
2022
Way Forward

3. HISTORY &
Background
of BRICS
• The acronym "BRICS" was initially formulated in 2001 by
economist Jim O'Neill, of Goldman Sachs, in a report on
growth prospects for the economies of Brazil, Russia, India
and China – which together represented a significant share of
the world's production and population.
• In 2006, the four countries initiated a regular informal
diplomatic coordination, with annual meetings of Foreign
Ministers at the margins of the General Debate of the UN
General Assembly (UNGA).
• This successful interaction led to the decision that the
dialogue was to be carried out at the level of Heads of State
and Government in annual Summits.
• The first BRIC Summit took place in 2009 in the Russian
Federation and focused on issues such as reform of the
global financial architecture.
• South Africa was invited to join BRIC in December 2010,
after which the group adopted the acronym BRICS. South
Africa subsequently attended the Third BRICS Summit in
Sanya, China, in March 2011.
• 11th Summit was held in Brasila Brazil in 2019 and its theme
was ‘BRICS: Economic Growth for an Innovative Future’
• 12th BRICS Summit will be held in Russia in 2020 under the
slogan ‘Partnership for global stability, common security and
innovative growth’.
PRESENTATION TITLE 3

4. OBJECTI
VES It seeks to deepen, broaden and intensify cooperation
within the grouping and among the individual countries
for more sustainable, equitable, and mutually
beneficial development.
It takes into consideration each member’s growth,
development, and poverty objectives to ensure
relations are built on the respective country’s economic
strengths and to avoid competition where possible.
B-R-I-C-S is emerging as a new and promising political-
diplomatic entity with diverse objectives, far beyond
the original objective of reforming global financial
institutions.
PRESENTATION TITLE 4

5. AREAS OF
COOPERATION:
1.Economic Corporation
2.People To People
Exchange
3.Political And
SECURITY Cooperation
4.Cooperation
Mechanism
PRESENTATION TITLE 5

6. Economic Cooperation
There are rapidly growing trade and investment flows between BRICS
countries as well as economic cooperation activities across a range of
sectors.
Agreements have been concluded in the areas of Economic and Trade
Cooperation; Innovation Cooperation, Customs Cooperation; strategic
cooperation between the BRICS Business Council, Contingent Reserve
Agreement and the New Development Bank.
These agreements contribute to realization of the shared objectives
of deepening economic cooperation and fostering integrated trade and
investment markets.
BRICS 6

7. People-to-People exchange :
BRICS members have recognized the need for
strengthening People-to-People exchanges and to foster closer
cooperation in the areas of culture, sport, education, film
and youth.
People-to-People exchanges seek to forge new friendships;
deepen relations and mutual understanding between BRICS
peoples in the spirit of openness, inclusiveness, diversity and
mutual learning.
Such People to people exchanges include the Young Diplomats
Forum, Parliamentarian Forum, Trade Union Forum,
Civil BRICS as well as the Media Forum.
PRESENTATION TITLE 7

8. Political and Security Cooperation
1 BRICS member political and security cooperation is aimed at achieving peace, security,
development and cooperation for a more equitable and fair world.
2 BRICS provides opportunities for sharing policy advice and exchanges of best practices in terms
of domestic and regional challenges as well as advancing the restructuring of the global political
architecture so that it is more balanced, resting on the pillar of multilateralism.
3 BRICS is utilised as a driver for South Africa’s foreign policy priorities including the pursuit of
the African Agenda and South-South Cooperation.
8

9. CooperationMechanism
Cooperationamong
members is achieved
through:
Track I: Formal diplomatic
engagement betweenthe
national governments.
Track II: Engagement
throughgovernment-
affiliatedinstitutions, e.g.
state-ownedenterprises and
business councils.
Track III: Civil society and
People-to-People
engagement.
9

10. Importancefor India
of BRICS
Multi-lateralism and multi-culturism: India can benefit from collective
strength of BRICS by way of consultationand cooperation on economic
issues of mutual interests, as well as topical global issues, such as,
international terrorism, climate change, food and energy security,
reforms of global governance institutions, etc.
Support for Collective Fight against Terrorism: India has succeeded in
convincingBRICS to strengthen its commitment tocounter-terrorism. Its
working groupon counteringterrorism has expanded its activities
through five thematic subgroups that deal with terrorist financing, use
of Internet for terrorist purposes, countering radicalisation, issue of
foreign terrorist fighters, and capacitybuilding.
Support for NSG Membership: India remains engaged withthe other
BRICS countries on its NSG membership.
PRESENTATION TITLE 10

11. India’sstand in the BRICS:
India put forward the concern of increasing terrorismin the world.
As per PM Modi’s speech in the summit, the menacing threat of terrorism has caused
the world economy of huge value of $1 trillion.
He proposed various steps that are needed to be taken in to account in order to
overcome this loss.
India invited the leaders of the participating countries to invest in India’s infrastructure
developmentwhich will eventually help in increasing the trade participation of India.
India also proposed to hold the first meeting of BRICS Water Ministers in India.
Membership Opportunity for India
BRICS Development Bank
Anti-western Sentiment
The ‘China Factor’
India’s Economic Interests in BRICS . These other factors can be considered too.
PRESENTATION TITLE 11

12. BRICS 2021
The 13th BRICS summit was
held under India’s chairship
in 2021. India has hosted
BRICS summits twice before
in 2012 and 2016.
The theme for India’s
Chairship was ‘BRICS @ 15:
Intra-BRICS Cooperation for
Continuity, Consolidation,
and Consensus’.
The summit discussed
various agendas like:
Reform of the Multilateral
System
Counter Terrorism
Cooperation
Implementation of the BRICS
Economic Partnership
Strategy 2020-25.
Operationalization of the
BRICS Agriculture Research
Platform.
Cooperation on Disaster
Resilience.
Innovation Cooperation.
Digital Health and
Traditional Medicine

13. BRICS2022
The 14th BRICS Summit was convened under theChairship ofChina
on 23-24June 2022, in a virtual format.
The leaders held discussionsin the fields of Counter-Terrorism,
Trade, Health,TraditionalMedicine, Environment,Science,
Technology& Innovation,Agriculture, Technical and Vocational
Education & Training
Key issues in the global context,includingthe reform of the
multilateralsystem,theCOVID-19 pandemic,and global economic
recovery,were also discussed amongst others.
BRICS 2023 is scheduled to be held in South Africa.

14. Way Forward :
The big three economiesin the BRICS- Russia, China, and India-
represent the major emerging global markets making them relevant
across continents.
The ongoing crises like the Russia Ukraine conflict previously the
Doklam standoff betweenIndia and China, have shown that the
political relationshipsbetween BRICS can be disturbed at any
instance.
But the grouping needs to move forward accordingto its
foundationalprinciples that are, respect for sovereign equality and
pluralism in global governance are liable to be testedas the five
member countriespursue their national agendas.
The relevancy of the grouping needs to be ensured in the coming
decades which will probably be marred with more challenges. BRICS
must reaffirmtheir commitment to a multi-polar world that allows
for sovereign equality and democratic decision-making.
PRESENTATION TITLE 14

15. References
Book : International Relations
3rd Edition By: Peu Ghosh
Secondary References :
1. BRICS - Online Article written by Swathi Satish
2. India’s standing in BRICS Countries- Online Article by Karan
Websites :
1 https://onlyias.com/upscnotes/brics/
2 https://iasscore.in/current-affairs/mains/brics-achievements-
failures-and-future-an-analysis

16. THANK YOU
PRESENTATION TITLE 16