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As The Quad Blossoms, Why Does BRICS Matter For India - The Diplomat
As The Quad Blossoms, Why Does BRICS Matter For India - The Diplomat
India?
thediplomat.com/2023/07/as-the-quad-blossoms-why-does-brics-matter-for-india
The key drivers of India’s multidirectional foreign policy reflect its key
interests: economic prosperity, technology advancements, research
and innovation, norm influencing, and strengthening security. In this
endeavor, BRICS (Brazil, Russia, India, China, and South Africa) and
the Quad (Australia, India, Japan, and the United States) are the two
strategic organizational platforms that have become a top priority for
India.
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BRICS also provides India with the agency and political support to
push against what New Delhi sees as unfair coercive systems such as
the EU’s Carbon Border Adjustment Mechanism (CBAM) taxes,
economic concentration, and unilateral sanctions. The CBAM in
particular is expected to have an impact of $8 billion annually on India’s
exports of steel, aluminum and iron ore. India has thus asked for a
carve out for its small and medium enterprises during its negotiations
with the EU. India is working with fellow BRICS partners South Africa,
China, and Brazil to firmly oppose this.
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