Jaishankar Defends BRICS Formation, Highlights Group's Growing Influence

Team Finance Saathi

    13/Sep/2024

What's covered under the Article:

Jaishankar explains BRICS was formed due to G7's exclusivity and highlights the group's evolving role.

The BRICS grouping has seen significant expansion and increased interest from other nations, with upcoming meetings planned.

Jaishankar addresses the relevance of BRICS alongside G20 and receives praise during his visit to Geneva.

On Thursday, External Affairs Minister S. Jaishankar delivered a compelling address at the Geneva Centre for Security Policy in Switzerland, shedding light on the reasons behind the formation of the BRICS group. In his speech, Jaishankar emphasized that BRICS was created as a response to the exclusivity of the G7 nations. According to Jaishankar, the G7 did not allow any new members to join, prompting the creation of BRICS as an alternative platform. He noted that BRICS, which initially began as a small group, has since grown and evolved, attracting significant global interest.

Expansion and Global Interest

Jaishankar highlighted that BRICS has expanded considerably, with new invitations extended to more countries, effectively doubling its membership. This expansion was decided last year in Johannesburg, South Africa. The Minister pointed out that the growing enthusiasm among countries wanting to join BRICS reflects its increasing relevance on the global stage. Jaishankar also mentioned that a meeting is scheduled to take place in Kazan, Russia, next month, further demonstrating the group's expanding influence.

BRICS vs G20: A Balanced Perspective

During his address, Jaishankar also addressed the necessity of BRICS in the context of the G20. He questioned why the G7 continues to exist and meet even with the presence of the G20. Jaishankar argued that the existence of BRICS alongside the G20 is both feasible and beneficial. His remarks underscored a broader point about the diversity and multiplicity of global groupings, suggesting that having both BRICS and G20 can serve different yet complementary roles.

Recognition and Diplomatic Engagement

A highlight of Jaishankar’s visit was a moment of recognition when Ambassador Jean-David Levitte praised him, calling him "a star in the world." This compliment led to a rare display of humility from Jaishankar, who responded with a gesture of gratitude. Earlier in the day, Jaishankar had started his visit to Geneva by paying homage to Mahatma Gandhi, reflecting on Gandhi's message of harmony and sustainability in a polarized world.

Jaishankar’s visit to Switzerland also included a meeting with the Swiss Foreign Minister to review and enhance bilateral ties between India and Switzerland. The visit was part of a broader diplomatic tour that included stops in Germany and Saudi Arabia. Jaishankar's interactions in Geneva also involved meetings with heads and representatives of various international organizations, highlighting India’s active engagement on the global stage.

Conclusion

Jaishankar’s visit to Geneva and his address at the Geneva Centre for Security Policy have highlighted the strategic importance and growing influence of BRICS. 
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