The world is at the cusp of a major geo-political upheaval. Are you ready for the challenges and opportunities this new world order will bring to you.  The current world  is in a situation of great changes and upsets unprecedented in a century. From a macro perspective, the world is entering a period of political and economic reshaping. Asian and African countries are already becoming more and more important for the world economy as well as security. There is a serious “great financial divide” across the world and BRICS countries see this as a major threat to world peace. Hence major focus of BRICS policy has been to focus on reforming the global financial governance and hence the creation of National Development Bank (NDB).

The double standards adopted by US foreign policy in their foreign military intervention are no longer accepted by developing nations. The invasion of Iraq and finally the Afghanistan debacle have all sent a clear message that the US is no longer the Supreme power and the world-order is in an influx. Sanctions have not worked and it has just backfired in Europe. Russia and China have gradually moved to self-dependency in many sectors of their economy, hence dumping the US treasury bonds.

India and many like-minded development countries are also worried about Washington's Carrot and stick policy. Despite the fact that we (India) are moving closer to the United States, we are also prepared for any kind of sanctions Washington may apply if the regime change takes place in the US. Remember Modi was denied US Visa for a long time, and could visit only when he emerged as the Prime Minister of India, the US had no choice then. BRICS is not going to challenge the current international system, but it does ask for some correction in the current power distribution and global policy making. India is vying for a seat in the expanded UN Security Council Permanent members, but we do not see this coming soon.