India might have sought to achieve these objectives in hosting the 8th Brics summit in Goa, but the results are at best mixed. Second, India, which registered the highest growth among all Brics and indeed G20 members, was unable to leverage its contribution towards the global economic recovery into a greater leadership role of the institution. Instead, the summit declaration makes no mention of India’s singular contribution to the global economic recovery (albeit by default). Indeed, with a successful flight of two astronauts to the Chinese space station coinciding with the Brics summit, Beijing was literally flying high. For instance, in the Goa summit, India, along with Brazil and South Africa, was able to nix China’s proposal for a Brics free trade agreement.

Source: Mint October 23, 2016 17:03 UTC