section_path: Reception/India
section_name: India
paragraph_text: India
  
  In 2014, the Indian Marxist author Vijay Prashad raised the limitations of the BRICS as a political and economic "locomotive of the South" because they follow neoliberal policies. They have neither established new counter-balancing institutions nor come up with an alternative ideology. Furthermore, the BRICS project, argues Prashad, cannot challenge the primacy of the United States and NATO.
  
  Speaking at the BRICS summit in 2014, Prime Minister Narendra Modi said that "reform of institutions of global governance... has been on the BRICS agenda since its inception."
  
  In 2016 Brahma Chellaney writes whether BRICS will be able to construct institutionalized structures including "institutionalized cooperation". He writes that BRICS is "the first important non-Western global initiative of the post-Cold War world".
  
  The Sino-Indian border dispute, for example during the 2020 Galwan Valley clash, has been a bilateral non-issue for BRICS. In another case where a BRICS summit acted as a "forcing event", the Doklam standoff in 2017, India stated that it may pull out of the 2017 BRICS Xiamen Summit, causing China to pull back its troops and India to attend the summit. During the 2023 BRICS summit China and India agreed to make efforts to address border issues. However, following the 2023 BRICS summit, China released a disputed map.
  
  Ashok Malik comments that amid new BRICS members and partners, India should ensure the group doesn't get an "distortionary ideological edge".
  
  In 2024, India's External Affairs Minister S Jaishankar has stated "because you won’t let us into the G7 club" with reference to India's participation in BRICS and the current trend of global governance for emerging economies and rising powers. The EAM also stated that G7 exists despite G20, so BRICS should also be allowed to exist.
  
  Prior to the Kazan summit, Prime Minister Narendra Modi stated that BRICS was never meant to be against anyone or be anti-western, and that it is only non-western. At the Kazan summit the Prime Minister stated "We must be careful to ensure that this organization does not acquire the image of one that is trying to replace global institutions".
  
  Indian diplomat Meera Shankar noted "the new payment systems discussed in BRICS are still in the exploratory phase and do not pose a challenge to the dominance of the US dollar in the medium term."
  
  The central bank of India, Reserve Bank of India, Governor Shaktikanta Das, stated in December 2024 that de-dollarisation for India was only a part of "derisking" Indian trade and reducing dependence on any one currency since that may become "problematic". While a BRICS currency had been raised by a member state, nothing specific was decided. He also compared the Euro, and stated how nations in Euro countries are located in close proximity while that is not the case of BRICS. This was in response to a question about President-elect Trump warning about tariffs.
  
  Former ambassador D. Bala Venkatesh Varma, in an interview with the think tank India Foundation, states that India's stance in BRICS is "pro-India" and "claiming that BRICS is dominated by China is an exaggeration".