BRICS: India's 'Panchamukha' Strategy for a New Multipolar World Order

• BRICS+ has expanded to 11 full members and 10 partners, representing a significant shift from unipolarity to a multipolar global order.
• De-dollarization and new payment systems, exemplified by India's UPI, are key identity markers for BRICS+, challenging US economic dominance.
• India's strategic ties with Russia are strengthening through bilateral currencies, while potential for India-China economic recalibration exists despite past tensions.
• The old world order (G7, NATO) is seen as declining, with new groupings like SCO, G20, and C-5 gaining traction, reflecting current geopolitical realities.
• India must prioritize rapid economic growth and reform, focusing internally to leverage its position within BRICS and thrive in the evolving global scenario.

Why It Matters: BRICS+ signifies a new multipolar world order where India must rapidly build prosperity and challenge old hegemonies.