BRICS: IT‟S ROLE IN WORLD POLITICS

Abstract

BRICS has evolved from a condense format into a influential forum in the international arena. It is a condensation for Brazil, Russia, India, China and South Africa. Originally the first four were grouped as “BRIC”, later South Africa joined in 2010. This platform aims to promote peace, security, prosperity and development in multipolar, interconnected and globalized world. The main objective of BRICS is to deepen, broaden and intensify cooperation within the grouping and among the individual countries for more sustainable, equitable and mutually beneficial development. Later BRICS is emerging as a new and promising political-diplomatic entity with diverse objectives, far beyond the original objective of reforming global financial institution. Therefore an attempt have been made to understand the role of BRICS in the global politics, analyse prospects and challenges to the expansion of such a role and assess the possible implications for the international relation at global and regional levels.