BRICS Summit 2024: An Inevitable Reality or Geopolitical Manoeuvring

When BRICS was first conceptualized & founded in 2009, the objective was clear: to create a cooperative group of emerging economies that could offer alternative pathways for global economic growth and development, independent of existing Western-dominated structures. Its founding members—Brazil, Russia, India, China, and South Africa—represented a diversity of political systems, economic models, and regional priorities. Yet, they shared common aspirations: strengthening economic cooperation, facilitating trade, and creating a more balanced global financial order. The emerging economies of BRICS had similar issues—disparities in global trade rules, monetary influence of the U.S. dollar, and the Western-centric nature of international policies. By combining their economic clout and seeking greater influence, BRICS was inevitable as a counterweight to the West’s long-standing dominance. Today, with nearly 42% of the global population and a combined GDP of over $27 trillion (around 26% of global GDP), BRICS represents an economic powerhouse.