Macron is Knocking on The Doors of BRICS. Here’s Why | Vantage with Palki Sharma

Macron is Knocking on The Doors of BRICS. Here’s Why | Vantage with Palki Sharma French President Emmanuel Macron has asked South Africa for an invite to the upcoming BRICS summit. Egypt has officially applied to join the grouping and Bangladesh too expects to become a BRICS member during August BRICS becoming more powerful as a multinational organisation? Why are countries flocking towards BRICS? Reports claim the US and India are close to agreeing on a deal to jointly produce jet engines ahead of PM Modi’s state visit. The deal would signal US commitment to share critical technology with India, something Washington has refused to do in the past. How important is jet engine technology? How will this deal impact India’s defence industry? China missed its industrial output forecast for the month of May amid calls for more financial stimulus to revive the economy. Investors who praised the Chinese growth story are now calling for “political change“ at the to