Through increased cooperation within the BRICS framework, countries have new opportunities to increase their prosperity and strengthen their influence on the world stage. India, despite strengthening relations with the United States, continues to develop its partnerships with Russia and Iran, which helps expand its economic potential and credibility.

Participation in BRICS gives countries the opportunity to introduce their products to new markets, access loans from the New Development Bank, and establish bilateral relations with other members of the organization. This helps reduce dependence on the dollar as a reserve currency and ensures economic stability in the face of sanctions and restrictions.

Through cooperation within the BRICS framework, countries can jointly address global issues such as climate change, energy security and counter-terrorism. This allows them to strengthen their diplomatic position on the world stage and create a stronger political and economic front.

However, there are also challenges due to the different economic models and political interests of the member states. It is necessary to strive to find compromises and respect each other’s interests for the effective functioning of the organization.

In general, participation in BRICS opens new perspectives for the development of countries and the solution of common problems. Cooperation on the basis of mutual benefit and respect makes the organization important and promising for all participants.