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Narrative Review | Humanities | India | Volume 13 Issue 11, November 2024 | Popularity: 3.6 / 10
BRICS Summit 2024: A Strategic Win for India Over China
Sanjay Turi
Abstract: The 2024 BRICS Summit in Kazan emphasized the bloc's commitment to a multipolar global order by promoting financial independence from dollar - based systems and Western financial institutions. India showcased its Unified Payment Initiative (UPI) as a model for the proposed decentralized BRICS Payment System, aimed at reducing reliance on the US dollar and countering China's influence within the bloc. India's strategic moves, including advocating Ethiopia's inclusion in BRICS and collaborating with Russia on space exploration, highlighted its efforts to balance power dynamics and strengthen its geopolitical position. These initiatives reflect India's nuanced diplomacy, fostering cooperation among BRICS nations while safeguarding its interests against China's dominance. The summit marked a significant step in reshaping global financial and geopolitical frameworks.
Keywords: BRICS Summit, multipolar world, decentralized payment system, India - China rivalry, geopolitical strategy
Edition: Volume 13 Issue 11, November 2024
Pages: 1411 - 1413
DOI: https://www.doi.org/10.21275/SR241123010507
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