India, July 6 -- The Brics Summit in Brazil is stirring a great deal of unease, curiosity, enthusiasm, and hope - depending on your geographical location - about the potential influence of this 11-member grouping in shaping global geopolitics as the post-war order unravels. Prime Minister Narendra Modi's participation at the Brics, following the country's recent attendance at the Quad foreign ministers' meeting, its presence at the G7 summit in mid-June, and the Defence Ministers' Meeting of the Shanghai Cooperation Organisation (SCO) a few weeks ago, highlights the complex geopolitical fault lines Delhi must navigate.

So what value does the Brics provide to its members? Brics offers its member countries different value propositions. For...