This BRICS expansion, occurring 13 years after South Africa's inclusion in 2010, represents a significant turning point in the global geopolitical landscape. Prime Minister Modi emphasized the importance of including these new members, highlighting how it would strengthen the coalition and reaffirm their commitment to a multipolar world order. The outcomes of this expansion are multifaceted, encompassing economic influence, energy sector dynamics, strategic implications, and a dedication to reforming international institutions and shaping global politics.

1. Plutus Academy

2. BRICS Expansion and
Its Implications
GS2: International Relations

3. BRICS Expansion
• 15th BRICS summit in
Johannesburg
• Current members of
BRICS -Brazil, Russia,
India, China, and South
Africa
• The inclusion of six new
countries:
• Argentina
• Ethiopia
• Egypt
• Iran
• Saudi Arabia
• UAE

5. Implications of BRICS Expansion
This would Bolster the grouping's strength and further
endorse the Concept of a multipolar world order
–
PM Narendra Modi

6. Global Economic Influence
• BRICS represents 46% of the world's population and contributes 37%
of the global GDP (PPP).
• Surpassing the G-7, which accounts for 30.7% of global GDP.
• Redistribution of global economic influence, challenging Western
economies' dominance.

7. Impact on Energy Sector
• BRICS expansion affects the energy sector.
• New members are significant oil and gas industry players.
• BRICS now accounts for 42% of global oil output.

8. Geostrategic Importance
• Inclusion of West Asian countries (Saudi Arabia, UAE,
Iran) enhances BRICS' geostrategic value.
• These nations are key players in the energy sector with
geopolitical significance.

9. Reform of International
Institutions
• BRICS members advocate for reforms in UN, IMF, and
World Bank.
• Expanded BRICS may exert more pressure for structural
changes in these institutions.
Economic Cooperation
• BRICS focuses on intra-BRICS economic cooperation and
outreach to developing countries.
• Potential for new trade and investment partnerships among
members.

10. Shared Political Goals
• BRICS members align on global political issues (UN centrality,
West Asia, Ukraine, counterterrorism).
• Expansion increases impact on global affairs.
Multipolar World Order
• BRICS challenges the Western-dominated unipolar world
order.
• Expanded BRICS asserts strategic autonomy in a multipolar
world.

11. Economic Cooperation
• BRICS focuses on intra-BRICS economic cooperation and
outreach to developing countries.
• Potential for new trade and investment partnerships among
members.

12. Thank You!
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