facebook twitter Google+ Google+
Tuesday, 01 December 2015 05:59

What Happens When India takes the BRICS Chairmanship 2016

Written by Amrita Jash
Rate this item
(1 Vote)

 

In a parallel BRICS Leaders meeting, held on November 15, 2015 on the sidelines of the G20 Summit at Antalya, Turkey, Indian Prime Minister Narendra Modi put forward Indias vision for BRICS in 2016. India will take over BRICS presidency from Russia and assume the Chairmanship starting February 1 till December 2016. Under this tenure, India will host the VIII BRICS Summit. Given this, the 11 months of Chairmanship will be very crucial for India in two ways: first, in terms of shaping BRICS as an institution in general and second, building its role as a responsive global leader in particular. Therefore, what will encompass Indias 2016 BRICS agenda in fulfilling these twin objectives calls for an immediate deliberation.

 

With an embedded emphasis on linking Indias highest importance to BRICS, PM Modi put forward the strategic vision of Indias BRICS Chairmanship themed under Building Responsive, Inclusive and Collective Solutions- which is comprehensively equivalent for the acronym BRICS.  What is noteworthy is that, adopting such a comprehensive approach India wants to implement a diversified tactic towards shaping BRICS, which is, shifting the priority from a limited economic rationale to build global economy to that of engaging with imminent global concerns. In which, terrorism is the key challenge to global security as with the recent spiraling of terrorist attacks in Paris, Beirut and Ankara, combating terrorism has emerged as a key objective for the global leaders. In this context, in addition to the emerging global profile of BRICS as an important multilateral institution compounded with the BRICS countries own state of casualty to the growing act of terror- security has become a priority. In this spirit, Indias 2016 BRICS roadmap will provide a new direction to the building blocks of BRICS, wherein combating terrorism will be accorded priority along with economic interests. This is reflected in PM Modis strong condemnation of recent terror attacks at the BRICS leaders meeting and his call for the need for a united global effort to combat terrorism. This very statement outlines the vision that shapes Indias 2016 objectives as the BRICS Chairman.

 

Given the indicative expansion of the BRICS institution since its inception in 2009, important outputs have been reached in terms of the New Development Bank, the Currency Reserve Arrangement, and Strategy for BRICS Economic Cooperation and so on. Given this outcome, it has become imperative for BRICS leaders to further elevate the role of the institution. In this view, it is important to note that in 2016 apart from assuming the BRICS Chairmanship, India will also take the first presidency over the BRICS nations USD 50 billion New Development Bank which is headquartered in Shanghai. What makes the BRICS development Bank important is that it aims to become a more responsive alternative to the west dominated World Bank. And in this view, for India as its President, the key objective lies in addressing the inclusive and responsive needs of particularly emerging economies- hence, fulfilling the core objective of BRICS in developing a global financial institution where developing countries will have greater influence.

 

Having a broader vision of building greater engagement among BRICS nations, Indian PM Narendra Modi crafted Indias 2016 BRICS agenda by proposing a plan called Dus Kadam or ten steps to boost cooperation, during the VII BRICS Summit at Ufa, Russia in July 2015. Wherein, the ten steps involve: BRICS trade fair, a railway research centre, cooperation among supreme audit institutions, a digital initiative, an agricultural research centre, a forum of state/local governments among the BRICS nations, cooperation among cities in the field of urbanization, a sports council and an annual sports meet, first major project of New Development Bank to be in the field of clean energy and a film festival. Given this agenda, the ten steps aim to build greater connectivity by tapping the potential among the BRICS countries. Besides, this approach India also aims to build greater people-to-people contacts, creating deeper engagements and expanding the scope of the multilateral institutional ties.

 

With this agenda in hand, the 2016 BRICS Chairmanship provides a great strategic opportunity for India, both literally and figuratively. What makes it highly significant and symbolic is the fact that if India under its chairmanship is able to succeed in strengthening its given alternate vision of building BRICS in a comprehensive way that goes beyond the economic logic, then India will significantly elevate its stature as a responsible global leader. In this, most importantly, Indias role in the BRICS Development Bank and its vision of a united front to combat terrorism will pave new dimensions of Indias strategic role in the international arena. Therefore, BRICS under India will be an important turning point for Indias multilateral diplomacy.  

 

Amrita Jash is a Doctoral Candidate at the Centre for East Asian Studies (Chinese Division), School of International Studies, Jawaharlal Nehru University, New Delhi-India. She is the Editor-in-Chief at IndraStra Global, New York and a Research Analyst at Wikistrat, Washington DC. She can be reached at: This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Read 28772 times Last modified on Tuesday, 01 December 2015 06:02