Kautilya

India and Philippines Agree to Deepen Defence, Trade, Space and Fintech Cooperation at BRICS Summit

Prime Minister Modi welcomed the Philippines’ participation in the BRICS Summit in its capacity as the current chair of ASEAN. The meeting provided both leaders with an opportunity to review the progress made in bilateral relations since India and the Philippines formally elevated their relationship to a Strategic Partnership during President Marcos’ State Visit to India in August 2025.

The Return of Multipolarity: Why the World Is Moving Beyond a Single Centre of Power

Even the World Trade Organization now describes the global economy as increasingly “multipolar and diverse.” Its 2026 World Trade Report notes that low- and middle-income economies accounted for only 23 per cent of global merchandise trade in 1995 but around 45 per cent by 2024. Economic weight has moved considerably beyond the traditional industrial powers, and political influence is beginning to follow it.