Pakistan's BRICS Bid Explained: Economic Crisis, India's Veto, And What Comes Next

Pakistan formally applied for BRICS membership back in 2023, hoping to tap into a bloc that now represents nearly half the world's population and 40% of global GDP. With growing exports in textiles, minerals, and copper, Islamabad sees BRICS as a path to reduce dependence on Western financial institutions. But two massive obstacles stand in the way: India's consistent opposition, which functions as a structural veto under BRICS' consensus-based rules, and Pakistan's own fragile economy — marked by low GDP growth, chronic IMF dependence, and persistent balance-of-payments crises. #Pakistan #BRICS #India #Geopolitics #GlobalSouth #WorldEconomy #MultipolarWorld #PakistanEconomy #BRICSSummit #IndiaPakistan #IMF #WorldNews While China and Russia reportedly support Pakistan's bid, diplomatic backing alone can't override India's refusal. As the 18th BRICS Summit approaches in New Delhi, Pakistan's membership hopes to remain stuck between ambition and reality. Watch the full breakdown of why Pakistan's BRICS dream may still be years away. India Today Global is the international arm of India's most trusted media organization — delivering factual, up-to-date news, analysis, and insights from India and around the world. From politics and business to culture and global affairs, we cover it all. Built for the digital-first English news audience and the Indian diaspora worldwide, we are the channel that connects India to the world and the world to India. 🎙️ Statecraft - Executive Editor Geeta Mohan cuts the noise, decodes the truth, and dissects the forces shaping global power, from geopolitical shifts to military strategies and economic levers. 🌐 Namaste World - Your daily wrap of the biggest stories from around the globe. Concise, sharp, essential. 🔍 Point of View - We hold people accountable. The questions others won't ask, asked here. 🗺️ Zoom In - Wars, conflicts, and tensions simplified with maps and context that actually make sense. 🤝 Diplomatic Diaries - A

Added 8 Sept 2026