India cannot benefit being in BRICS because Indian rupees are shunned by the other members of BRICS, particularly Russia and, of course, China. The Indian rupee has fallen over the cliff lately and who in his right mind would want to keep rupees to trade with India.
De-dollarization means conducting trade outside of the US$, in other country's currency, which India is unable to do so. Otherwise, what is BRICS being created for? India will only be able to deal with trade in US$ and it has to bow to the USA, even if it means being thrown under the bus. India has no leverage dealing with the USA but have to continue to use the US$, a stance that is diametrically opposed to the agenda of BRICS. India is stuck between a rock and a hard place.
Modi thought that being early, uninvited at that, to pay respect to the emperor will give him an advantage and possible exemption over tariffs. He was blindsided, as Trump had already complained earlier that India was the 'Tariff King', which gives him the early opportunity to retaliate.
Many in India are criticizing the slight and shame that Modi failed to gain anything by meeting with Trump and instead got clobbered with reciprocal tariffs and being forced to buy more from the USA to reduce the USA's trade deficit with India. The USA is forcing India to buy weapons like the F35 and other weapons, which if it goes ahead, is going to hold India hostage by being tied to USA expertise needed to service those weapons like the trouble-prone F35 and split the India/Russia alliance that had been forged for decades.
In the face of this, Putin is not going to sit by and watch twiddling his thumb. Energy flow to India is not going to remain cheap as before and India would also be forced to buy highly expensive energy as well from the USA to reduce its deficit. What then will be India's future in BRICS? India leaving BRICS is also one of the items on the USA's playbook to weaken the bloc.
Anonymous
4 comments:
Never talk bad about Modi or India. The Indians do not like criticism and may run amok. To them Modi is God and India is a superpower. Repeat by saying 'Modi is God and India is a superpower', and you will be appreciated.
Right right Anon 10.38
Now there may get Sued or Poo Boh or Pofma!
Don't play play can talked all bad on China but ahem NOT the other Two.
Be aware!
Actually all these ex Commonwealth or Commonwealth Countries to steal from Others or to Capitalise on others bad luck are Chow Kars ones!
They mostly middle CON men who preyed on others misfortunes and tragedies.
Take for example that India
Brought discounted oil from Russia and repackaged to sell at a Profit to the Euro Nuts.
These are their main type of middle men GON aka Good For Nothing type of businesses since independence.
China would NOT want to do these type of business.
Unlike China who innovated and manufactured to trade with others and gain respects as honorable men.
So most countries shall wants to trade with them.
Also those Resources Rich but Lazy bums countries when their resources ran out, eat grass.
Likewise Sinking Land only as middle men commissions agents and servile industries agents.
All these countries are going to DEMISE soonest.
Mo Gan Thye
https://vt.tiktok.com/ZSMUyntfU/
China warned the FIVE blind mice oops eyes if they interfere with their internal affairs beware China would poke OUT their eyes so be blind mice eyes.
That's right China they thought you sick cats.
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