India’s BRICS Bank: Big Loans, Quiet Power

India holds a rare dual role at the New Development Bank (NDB). It is both a founding member and one of its largest borrowers. The NDB was created by the BRICS nations — Brazil, Russia, India, China, and South Africa. It funds infrastructure and sustainable development projects. As a founder, India helps shape the bank’s direction. As a borrower, it receives significant financing for its own projects. This gives India unusual influence. The bank has drawn little public attention. Yet it has steadily delivered. During India’s BRICS chair year, that quiet progress matters.