Should India Keep Working With BRICS

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A MAJOR QUESTION FOR INDIA

After the GalwanValley incident it is becoming clear that India underestimated the China threat to a large extent
It is now very much clear that China sees India as a potential threat to its hegemony in the region
In recent years China has made many moves against India
China protected the Pakistan based terrorist groups at UN
Raised Kashmir issue at UNSC blatantly in a support to Pakistan
Blocked India’s entry in NSG
Doklamincident
Increased interference in Nepal’s domestic politics
Claimed a large part of land that belongs to Bhutan
Ladakh face-off

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).
Each founding member of the bank has initially subscribed 100,000 shares, in a total of $10 billion, of which 20,000 shares correspond to paid-in capital

Asian Infrastructure Investment Bank
The bank was proposed by China in 2013 and the initiative was launched at a ceremony in Beijing in October 2014.
Seen as a potential rival to the World Bank and IMF.
S and Japan have criticised this bank and have not joined it

The Indian foreign strategy looks very perplexed as it is set to join the expansion of G7 countries
It is also looking to join the proposed D-10 group that is designed to keep China out of 5G market
India is part of the QUAD group.
Yet India has invested billions in China led banks that counter American hegemony

The huge factor behind India’s decision on cooperation with BRICS with be Russia
Relations with Russia have changed quite a bit for India in the last 3-4 years
Primary reason for that is the sanctions on Russia by U.S and energy deals between Russia and China