India’s Balancing Act: Navigating BRICS & Global South Amidst Dollar Dominance & Trade Tensions
Former US President Donald Trump’s approach to international trade has left a complex legacy, potentially prompting nations like India to seek stronger alliances within groups like BRICS (Brazil, Russia, India, China, and South Africa) and the Global South. This pursuit, however, presents its own set of challenges, particularly with China’s increasing influence within these platforms.
The Dilemma of Dollar Dominance and Trade Risks
The perceived instability caused by fluctuating trade policies and the continued dominance of the US dollar creates an incentive for countries to explore alternative economic and political partnerships. BRICS and the Global South offer avenues for such exploration, providing platforms for nations to collaborate on issues of mutual interest, including trade, development, and security.
China’s Growing Influence: A Balancing Act for India
While these alliances hold promise, India faces the delicate task of navigating China’s expanding presence and influence within these groups. Finding common ground with other developing nations while mitigating potential risks associated with China’s assertive foreign policy will require skillful diplomacy and strategic decision-making from India.
