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BRICS and its economic contradictions

News Snapshot:

The 2026 BRICS summit is all set to take place in New Delhi from September 11 to 13. BRICS has expanded its membership and now represents a larger share of the global economy in PPP (purchasing power parity) terms than the G7. Member-countries describe the bloc as a forum for multipolarity and shared prosperity. However, despite the carefully managed proclamations, something odd is going on. Intentionally or otherwise, BRICS countries are causing inflation, losses of export revenues, and growth stagnation to their partners. It would unfair though, to not mention what the BRICS has built. For instance, its $100-billion Contingent…

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