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Overview

This paper explains the key recommendations for India’s involvement in the BRICS Summit of 2013. It discusses three key elements and priorities India should address ahead of the Summit: the BRICS Development Bank; becoming a new actor in the development of Africa; and illicit financial flows – all reflecting the differences of BRICS countries (’emerging powers’) and the West (‘already established powers’). Key statistical summaries offer evidence that a different approach should be designed to develop Africa compared to previous actions by the West and how changes in the BRICS Development Bank affects the role of the private- and public-sector in land-related investments. It proposes how these issues could be handled, including: providing access to public money; tax compliance; and funding for social sector spending.

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