Express View: The BRICS rush

News Snapshot:

On the face of it, BRICS — the grouping that consists of Brazil, India, China and South Africa — has been diminishing in stature over the past few years. On the one hand, there has been the increasing polarisation of the global order in the aftermath of the Ukraine conflict, the border clashes between India and China and the growing salience of groupings like the Quad for Delhi. On the other hand, while Beijing’s economic and strategic clout has grown in the last decade or so, Moscow has declined considerably and recently, become the junior partner in the alliance with...