Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
Context
By doubling its number of members from five to 11 in one quick sweep, the BRICS grouping has strengthened its position as a global grouping.
New Family
The choice of countries, bringing in four major players from the West Asian region — Egypt, Iran, Saudi Arabia and the UAE — apart from Ethiopia and Argentina from Africa and South America is significant, as it denotes a shift in the non-western economic grouping’s underpinnings, to make it a more politically relevant bloc.
