388: India and the BRICS Partnership
Rajeev Ranjan Chaturvedy, Research Associate at ISAS
2 September 2015
India and its partners - Brazil, China, Russia and South Africa - in the BRICS forum have launched the New Development Bank. With the leaders of these countries, who recently met at Ufa in Russia, displaying a considerable degree of convergence on several issues, it became clear that a beginning was being made towards creating a new global economic architecture.