As a member of BRICS India can make sure many bilateral and international relations. So the importance of BRICS is bigger to India.

1. INDIA
AND

2.  The first BRICS summit was held in 2009, in the midst of global
recession. Since then, India assumed the role of a trade facilitator in
South Asia and Africa owing to its economic strength at that time.
India’s Role In South Asian Trade
 India has taken several steps to improve trade including
proposals for a new inclusive BRICS portal.
India also promotes intra-BRICS trade, which means urging
member nations to import goods from each other instead of Europe.
The idea is that intra-trade provides the flexibility of trading in currencies
other than the dollar. For example, India and Brazil could trade in Rupee or
Lira, whichever suits the deal. By doing this, countries can strengthen their
own currency while weakening the US Dollar.

3. India’s Role As A Big Brother
If China is the daddy, India is the big brother.
India is seen as a strong voice at the BRICS and the UN against
proposals or actions that could harm any member’s interests.
 India means to hold hands and progress together by sharing
ideas and technology in each field.
India hasn’t been very obedient to the UN either when it comes to
BRICS.When Russian economy was slipping and the world sought to
trade with the U.S.A, India didn’t break ties with Russia.
Signing a ₹400 billion deal with Russian defense, External Affairs
Minister, Sushma Swaraj stated that, “It is our clear stand that we abide
by UN sanctions, not country-specific sanctions. India-Russia trade will
continue.”

4. India’s Role As A Growth Maker For Other BRICS Nations
 In order for BRICS to flourish, each country must first and foremost
focus on their own economic development. A strong nation will
strengthen the BRICS as a whole. And India, It’s like the growth maker
of the BRICS.
From 2001 to 2013, the economic output of BRICS nations rose from
$3 billion to $15 billion. Investors saw India, China, and Brazil as a sure
thing. But all that soon changed. In the past few years, BRICS has
been facing a hard time.
The increasing sanctions on Russia, China’s stock market crash in 2015,
Indian markets’ bear run in 2014, and the ongoing Brazilian economic crisis,
all led investments to flow back to the US.
India invested close to $4 billion in South Africa and started the Global
Executive Development Programme to train labour force there.
It helped Brazil and South Africa replicate it ‘Digitisation of Education’
initiative by providing technological aid to schools there.

5. India’s Role As Peacekeeper-
 India needs the BRICS to be stable for trade to flourish, which is also
why peacekeeping in trade regions like the Mediterranean, North
Africa, and the Indian Ocean is vital.
 We’ve been helpingTibetans fight for freedom and providing aid and
refuge to the Rohingyas. .
 Under ‘Operation Insaniyat’, India provided a total of 7,000 tonnes of
relief material to the refugees in Bangladesh.
 As a part of the UN’s missions, India has sent over 1,00,000 troops to
Nigeria, Somalia, Sudan, Ethiopia, and Afghanistan to fight internal
disruption.

6.  Because troops in Africa means favorable terms with SouthAfrica.
 HelpingTibet and Myanmar means reducing China’s influence in the region.
 Protecting Afghanistan means more defense deals with Russia.
 Maritime security means faster trade for all BRICS members.
 India’s role in peacekeeping is three-fold – BRICS stability, stronger relations and
the lesser valued, world peace.
 In the end, it’s a cycle of power and money. Neither roles can be fulfilled
independently. India needs political clout to be an economic influencer, it needs
trade influence to counter China and it has to surpass China to assume the big
daddy role.