BRICS In Centre Stage Of Global Economy

The formal admission of Indonesia on Monday as a full-fledged member of BRICS has given a significant boost to this block' aspiration to emerge as an alternative to the western-dominated world economic order. With the entry of Indonesia, BRICS now represents 35 per cent of global GDP and 45 per cent of the global population. The inclusion of Indonesia, the fourth most populous country of the world, therefore, can be interpreted as a decisive tilt in the shift of the economic world order in favour of the global south.