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In its final declaration this year, BRICS summit in Goa, while felicitating themselves for operationalization of New development Bank (NDB) and Contingent Reserve Arrangement (CRA) agreed to set up a rating agency. From its inception, the geo-economic alliance of BRICS has targeted their common nemesis in governance structure of IMF and west-dominated institutions. It has condemned the power concentration in the hands of Bretton Woods institutions. This has shown in its new quota formula that aims to enhance the voice of dynamic emerging economies. But is this enough to continue its relevance in global world? This year, as India seeks to isolate Pakistan on international platforms, its accelerating rapprochement towards U.S has contrasted with waning relationships with Russia and China. Russia joint military exercises with Pakistan and China- Pakistan all-weather friendship clouds India s diplomatic efforts on global forums. The Modi s labeling of Pakistan as “mothership of terrorism” did not find place in final declaration. Neither were mentioned words like “cross-border terrorism”, “stet-sponsored terrorism”, “Pakistan”. The only terror groups that found mention were Al-Quaeda, ISIS and Jabhat al-Nusra which are not Pakistani groups. The Goa summit saw China vouching for Pakistan more explicitly than Russia. The Chinese foreign ministry firmly declared that it was opposed to “linking terrorism with any specific country or religion”. But still India did work on its bilateral relations with China and Russia. While India and China agreed to hold discussions on India s NSG membership, India re-engaged with Russia on a defense deal. India s policies with respect to Pakistan, and Russia and China in BRICS often find themselves at cross-roads. In such a scenario, other multilateral forums like IBSA, BIMSTEC, may be revived.

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