November 2021 will mark the 20th anniversary of the BRIC acronym that I coined to capture the economic potential of Brazil, Russia, India and China. Many commentators will be revisiting the concept and assessing each country’s performance since 2001, so here are my own thoughts on the matter
While COVID-19 had delayed the Leaders’ Meeting between Prime Ministers Modi and Morrison until yesterday, it has only hastened the need for India and Australia to become much closer. The pandemic must not distract Australia from its imperative to significantly deepen its economic and strategic relationship with India.
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Market-based economies thrive on hope and belief of profit by private entrepreneurs. In the times of negative market sentiments, the government increases its expense to bring back hope. But the Narendra Modi government’s hands are tied at the moment.
How do Indian experts see the role of BRICS in world politics and what do they think about current relations between Russia and India? Dattesh Parulekar, Assistant Professor, Centre for Latin American & International Studies, Goa University and Vice President, Forum for Integrated National Security (FINS), shares his thoughts on these issues.
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