India's Rise in BRICS: From "Fragile Five" to a Leading Economy Under PM Modi

India's journey within BRICS has been nothing short of phenomenal, showcasing a remarkable transformation from being labeled one of the "Fragile Five" to emerging as a strong leader in the group. Back in 2013, the term "Fragile Five" was used to describe a set of economies, including India, that faced significant vulnerabilities, such as sluggish growth, high inflation, and fiscal deficits.

Since then, under the visionary leadership of Prime Minister Modi, India has significantly bolstered its economic standing through substantial reforms, enhanced infrastructure, and a commitment to sustainable growth. Today, India is not just a participant in BRICS; it is a pivotal player, actively shaping its own national agendas and strategies within the framework.

However, this pursuit of national interests occasionally challenges the foundational principles of BRICS, like respect for sovereign equality. As BRICS expands with new members, the shifting internal dynamics intensify, compelling each country to prioritize its strategic agendas, thereby reshaping the collective direction of the group.

The evolution of India within BRICS reflects its growing influence on the global stage and the increasing importance of strategic independence. The challenges and complexities of maintaining internal cohesion will test the limits of collaboration, especially as BRICS+ emerges with expanded membership.

Ultimately, India's bold leadership under PM Modi exemplifies a journey from vulnerability to strength, marking a pivotal shift in how the world views the Indian economy within BRICS. For those interested in the intricacies of global economics, understanding this transition is crucial. Explore more about India’s position in BRICS on The Economist.