What Does BRICS Mean for the Economies of the Member Countries: The Case of India

The aim of this article is to summarize the purpose why BRICS emerged and how it has been affecting the economic performances of the member countries and the world economy itself as well. The reason why India is chosen as the case country to work on rest of the fact that India after its independence has recorded a very interesting growth on the economic level and particularly after its BRICS membership. This article analyzes what kind of a position India has taken and would take furthermore in such an economic platform that the world now presents for the countries. This article searches for an answer to the question stated in the title using the quantitative and qualitative methods and has obtained clear results. It is argued that BRICS is a very important support for the Indian economy and that the economies of developing countries can escape from the hegemony of the capitalist Northern industries, thanks to regional integrations such as BRICS. Therefore, this article has an aim to recover the economic performance of the country that was recorded before the membership to BRICS and see what happens after that.