The 11th BRICS summit was concluded in November 2019 in a subdued manner. There weren’t any remarkable pronouncements and had largely gone unnoticed. Yet, BRICS meeting confirmed that the group thought as the challenger of the G7 group, was still together and taking efforts to build consensus for the future despite the current challenges faced by the member nations.
India recently joined the Djibouti Code of Conduct as an Observer, after a high-level meeting held virtually on August 26 this year. This has furthered India’s outreach at the Indian Ocean Region. This opportunity must be utilised, especially amid the current times of crisis to provide various assistances apart from maritime security to the littorals in the Western Indian Ocean Region, which holds global strategic significance.
Recently India’s decades long effort to get the full membership of the 2nd largest intergovernmental group – the Organisation of Islamic Cooperation (OIC) got the huge boost when it attended the OIC’s 46th session of council of foreign ministers meeting at Abu Dhabi as a guest of honour on the invitation by the host country – United Arab Emirates (UAE).It has to be noted that, India has never been invited to the OIC before and the latest development comes at a time when the India-Pakistan tension is running high, is being seen as a diplomatic success.
United Nations Security Council is argued to be not in par with the current geopolitical scenario. Since its establishment in 1945, there has been little to no change in its structure.
Many countries including India are bidding for permanent membership in this organisation. This allows them to carry out their national interests, boost their political power in the global arena and create a balance of power in the multipolar world.
However, there has been little progress in this regard due to the rigid stance taken by the 5 permanent members who are unwilling to reduce their power status and also power rivalry amongst nations.
Currently, the world is facing many threats like climate change, isolationism, global conflicts, unemployment, poverty, and inequality. Simultaneously, with the advent of the Industrial revolution 4.0, the world is also facing exciting changes like the emergence of self-driving cars, 5G networks, etc. However, the Industrial Revolution 4.0 has its downside. It is argued that, if the change is not addressed properly there will be negative implications like a further increase in unemployment and poverty crisis. The concept of Globalization 4.0 seeks to address these issues and promote inclusive and sustainable growth.