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International Journal of Management, IT and Engineering
Year : 2019, Volume : 9, Issue : 1
First page : ( 142) Last page : ( 151)
Online ISSN : 2249-0558.

Inter-continental cooperation: A study of India vis-à-vis brics

Lavanya C. N. M.*, Dr. Shivappa**

*Research Scholar, Kousali Institute of Management Studies, Karnatak University, Dharwad, India

**Professor, Dean and Director, Kousali Institute of Management Studies, Karnatak University, Dharwad, India

Online published on 24 October, 2019.

Abstract

Politics is inextricably linked to economics. Regional groupings have gained a lot of prominence of late. It is in this context that the grouping of Brazil, Russia, India, China and South Africa (BRICS) is very relevant. India laid exclusive emphasis on South-South cooperation that is meant to accrue mutual benefits to the members concerned. This study dwelt upon the role of India vis-à-vis various nations of BRICS and also analysed the macro-economic and trade scenario in BRICS nations. There was an increase in the Gross Domestic Product (GDP) and GDP per capita of Russia, India and China in 2017, when compared to 2010. These variables declined in Brazil and South Africa. The proportion of exports, in addition tothat of importsof goods and services to GDP in India declined. Coming to the percentage of goods exports to total exports, the value was the highest in China and the lowest in India. There was a concomitant rise of services exports in total exports in all partners of BRICS. The initial cautious approach of India during the formation of BRICS got transposed in the subsequent years, wherein it has played a proactive role.

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Keywords

India, BRICS, regionalgroupings, inter-continental cooperation, trade.

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