Why India should remain in the BRICS

We should be able to discourage half-baked ideas like the BRICS currency or letting the grouping be hijacked to promote the Chinese yuan at the expense of the US dollar

It has been argued in this newspaper that India should quit the BRICS, the organisation of emerging economies that has been recently expanded (Business Standard, 8 September 2023, Arvind Subramanian and Josh Felman). There is an alternative perspective which suggests that India should not only stay in the grouping but enhance its role. 
 

It is true that many of the members of the BRICS, both existing and incoming, do not pass the test of economic vibrancy, a consideration that shaped the launch of the original BRIC platform. However, China, India, Brazil, Saudi Arabia and the UAE  are not exactly a