India, NDB and CRA of the BRICS: perceptions and interests

Authors

  • João Paulo Nicolini Gabriel Pontifícia Universidade Católica de São Paulo
  • Carlos Eduardo Carvalho Pontifícia Universidade Católica de São Paulo

Keywords:

BRICS. NDB. CRA. India. Foreign policy. Narendra Modi. Economic policy.

Abstract

India sees in the acronym BRICS several important possibilities to amplify its international insertion seeking to increase its participation in International Organizations that India believes are unrepresentative with emerging powers. However, concomitantly, India utilizes the BRICS as a “critical counterpoint” for the actual Global Order to smooth some issues and; therewith, widen its relations with OECD countries. It is worthwhile mentioning that those Indian international actions are important to consolidate Narendra Modi’s internal policies, whose government was sworn in at 2014. The New Development Bank (NDB) and the Contingency Reserve Arrangement (CRA) are extremely relevant for Indian foreign policy because these international instruments can aid Indian government to fund important projects to strengthen the increasing flow of foreign direct investments to India. Furthermore, this State has an interest in developing a “balanced position” with China. All the elements presents in this essay were selected from several texts written by intellectuals and think tanks.

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Author Biographies

João Paulo Nicolini Gabriel, Pontifícia Universidade Católica de São Paulo

Graduando em Relações Internacionais na Pontifícia Universidade Católica de São Paulo

Carlos Eduardo Carvalho, Pontifícia Universidade Católica de São Paulo

Graduado em Ciências Econômicas pela Pontifícia Universidade Católica de São Paulo, São Paulo, São Paulo, Brasil. Doutor em Ciências Econômicas pela Universidade Estadual de Campinas, Campinas, São Paulo, Brasil. Atualmente é Professor Associado da Pontifícia Universidade Católica de São Paulo.

Published

2015-12-30

How to Cite

Nicolini Gabriel, J. P., & Carvalho, C. E. (2015). India, NDB and CRA of the BRICS: perceptions and interests. Revista Paranaense De Desenvolvimento - RPD, 36(129), 53–69. Retrieved from https://ipardes.emnuvens.com.br/revistaparanaense/article/view/783

Issue

Section

Dossiê: Uma análise dos BRICS sob uma perspectiva brasileira. Org: Prof. Adalmir Marquetti