BRICS: Alliance of Emerging Global Powers

BRICS is such an organization of developing countries. It has the world's second and fourth largest economies, China and India. This organization has maintained its dominance as the emerging economies of the whole world for the last two decades. Today this organization has made its own identity in the whole world.

 Today in 2025, this alliance of BRICS members is not limited to economic alliance but has also become a political and diplomatic international platform. Its objective is to make the entire world system multipolar and strong. Today in this article we will know what is BRICS and what is its position in the world and how this alliance will play its role in the world in the coming times.

Establishment of BRICS

 BRICS was established in 2006 as an informal group. It was established by four countries India, China, Russia and Brazil. Earlier it was called BRIC. After South Africa became a new member in 2010, its name became BRICS. In 2024, 5 new members Iran, Saudi Arabia, United Arab Emirates (UAE), Egypt, Ethiopia became members. After becoming new members, the total number of countries in this organization has become 10. This organization is continuously expanding in comparison to Western countries. This organization is considered to be an organization challenging the dominance of Western countries. This organization has no permanent headquarters.

Objective

The main objective of this organization is to raise and strengthen the voice of developing countries in the global scenario. Mainly this organization shows the presence of developing countries on the international platform. Today the main objectives of this organization are as follows. 

Promoting economic cooperation and trade

Reforming global financial institutions (like IMF and World Bank)

Technological and scientific cooperation

Strengthening South-South cooperation

Economic power and expansion

BRICS is an organization that represents about 42 percent of the world's population and accounts for about 31% of the world's GDP. Now this organization is expanding continuously. Recently, countries like Iran, Saudi Arabia, UAE, Egypt and Ethiopia have been included. This makes it completely clear that BRICS is now not only an economic alliance in the global scenario but is also becoming a geopolitical power center. It also includes the world's second and fourth largest economies, China and India, which are the two most populous countries in the world. Their population is more than 300 crores.

New Development Bank (NDB)

 In 2015, the member countries of BRICS together established a new development bank NDB, whose objective is to provide finance to developing countries for infrastructure and sustainable projects. This bank has emerged as an alternative to IMF and World Bank. This bank has emerged as a new economic support for the BRICS countries. This organization established by the members of BRICS tries to balance the dominance of western countries. Its identity is different at the international level.

Current challenges: There are many similarities among the members of BRICS and there are also challenges. There are many differences between all the member countries.

1. Internal differences - There are many geopolitical differences between the member countries. China and India are mainly members of this organization. Both have border disputes. And consider each other as competing countries.

2. China's dominance - China's economic strength in BRICS is much more than the rest of the members. Because China is the second largest economy in the world compared to other countries. While other countries are far behind China.

3. Slow pace of the organization - Till now no big institutional structure has been created which can stand in competition with G7. The G7 organization has become the center of development of Western countries today. But more strategic reforms will have to be made in this organization, only then this organization will be able to raise its voice in the whole world.

Future direction

The future of the member countries of the BRICS organization is very bright. If the member countries of this organization develop a solid strategy and eliminate their differences and promote cooperation among each other, then this organization can become a strong force to balance western organizations like G7 and NATO. So in the coming time, BRICS can mark its presence separately in the whole world.

Conclusion

The BRICS organization has strongly raised the voice of the emerging developing countries of the world in the last two decades. The countries included in it are not only progressing economically, but are also making their presence felt politically and diplomatically on the global stage. The participation of powerful countries like China and India has made it even more influential.

Today, when this organization has reached 10 member countries, it is clear that BRICS is no longer just a platform for economic cooperation, but is becoming a powerful medium to make the world order multipolar.

However, it faces many challenges, such as China's excessive economic power, mutual differences among member countries, and lack of institutional structure. Still, if the member countries focus on mutual cooperation and strategic unity, then this organization can become an alternative and balance to G7 and other Western organizations in the future.

Therefore, BRICS is not only the hope of developing countries, but in the times to come, it can play a decisive role in the global balance of power.