BRICS

INDIA 2026 BRICS CHAIRSHIP

India's 2026 BRICS Chairship promotes resilience, innovation, and sustainability. Key initiatives include leading the SME Working Group under PartNIR to boost MSME technology access, and joining the BRICS Centre for Industrial Competencies to enhance global manufacturing capabilities.

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EU CARBON BORDER ADJUSTMENT MECHANISM: OPPORTUNITIES AND CHALLENGES FOR INDIA

The EU's Carbon Border Adjustment Mechanism enforces carbon taxes on specific imports. This challenges India’s carbon-intensive sectors like steel and aluminium. India must leverage FTAs, develop domestic carbon pricing, and transition to green technologies to ensure global competitiveness.

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INDIA-BRAZIL STRATEGIC PARTNERSHIP: CHALLENGES AND WAY FORWARD

Brazil’s President’s February 2026 visit strengthened the India-Brazil Strategic Partnership, advancing Global South leadership. Outcomes include a digital AI partnership, a USD 30 billion trade target by 2030, and cooperation on critical minerals and Scorpene submarines. Overcoming distance and Chinese influence requires diversified trade and deeper defence collaboration.

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CENTRAL BANK DIGITAL CURRENCY

Central Bank Digital Currency (CBDC) is a sovereign digital form of money issued by central banks to complement physical cash and existing digital payment systems. It aims to enhance payment efficiency, financial inclusion, monetary sovereignty, and cross-border transactions while offering a safer alternative to private digital currencies. However, challenges related to cybersecurity, privacy, banking stability, and interoperability necessitate a cautious, phased, and well-regulated implementation supported by strong domestic and international coordination.

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A MULTIPOLAR WORLD WITH BIPOLAR CHARACTERISTICS

The global order is shifting from US unipolarity to a fluid multipolar system shaped by US–China rivalry. The United States refocuses strategy, China expands influence, and Russia plays a revisionist swing role. For India, multi-alignment remains essential to preserve strategic autonomy.

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INDIA-ETHIOPIA RELATIONS: STATUS, SIGNIFICANCE, CHALLENGES, WAY FORWARD

India and Ethiopia have upgraded ties to a Strategic Partnership, reflecting Ethiopia’s role as a Horn of Africa gateway and AU hub. New MoUs deepen cooperation, though internal instability and Chinese competition persist. Leveraging BRICS, expanding trade and partnering in new-age sectors will be key to strengthening India’s Africa outreach.

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