Twenty-five years after the acronym BRIC was coined to describe the emerging engines of global growth, the grouping returns to New Delhi at a moment when the world economy is again being tested by war, energy shocks and geopolitical fragmentation. The timing could hardly be more pertinent. West Asia is heating up again, with the conflict threatening to spill wider. Crude oil has floated back above $100 a barrel, while attacks on commercial shipping around the Strait of Hormuz have revived old vulnerabilities.
That gives immense strategic significance to India’s BRICS chairship. The summit is no longer simply about expanding the influence of emerging economies. It is about whether the now-expanded bloc can offer practical answers in a world increasingly exposed to fragmented supply chains, weaponised trade, volatile energy markets and competing geopolitical blocs. For India, the…
