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Home » Finance » UN, BRICS, G7, G20, AUKUS, SCO, SAARC: Major Global Alliances

UN, BRICS, G7, G20, AUKUS, SCO, SAARC: Major Global Alliances

Updated on February 20, 2026 I By CA Bigyan Kumar Mishra




When we read news about global politics, trade, oil prices, or wars, we often hear names like BRICS, G20, OPEC, or United Nations. For beginners, these terms can feel confusing and overwhelming.

This article explains major international organisations and alliances, focusing on what they mean, why they matter, and how they affect India and ordinary citizens.

By the end, you will have a practical understanding of how these global groups shape economics, security, and cooperation worldwide.

What Are International Organisations and Alliances?

International organisations and alliances are groups of countries that come together to cooperate on common goals. These goals may include economic growth, security, trade, energy supply, or peacekeeping.

They matter because no country, including India, operates in isolation. Decisions taken in these groups can affect fuel prices, exports, jobs, currency stability, and national security.

For example, if oil-producing countries reduce supply, petrol prices in India can rise even if nothing changes locally.

United Nations (UN): The Global Peace and Cooperation Body

The United Nations (UN) is a worldwide organisation formed after World War II to maintain peace, promote human rights, and encourage global cooperation. Almost every country in the world, including India, is a member.

The UN matters because it provides a platform where countries discuss conflicts, humanitarian crises, climate change, and development. India often raises issues related to terrorism, peacekeeping, and development funding at the UN.

India contributes troops to UN peacekeeping missions. When Indian soldiers serve in conflict zones abroad, it improves India’s global standing and diplomatic influence.

G20: Where Major Economies Discuss Global Money Matters

The Group of 20 (G20) brings together the world’s largest developed and developing economies, including India, the US, China, and the EU.

The G20 focuses on global economic stability, inflation, debt, and financial crises. It matters because decisions here influence interest rates, trade flows, and financial markets.

G7: Group of Advanced Western Economies

The Group of Seven (G7) includes advanced economies such as the US, UK, Japan, and Germany. India is not a member, but it is often invited as a guest.

The G7 influences global trade rules, sanctions, and economic policies that can indirectly affect India.

If G7 countries impose sanctions on a major oil producer, crude oil prices may rise, increasing fuel costs in India.

BRICS: Emerging Economies Working Together

BRICS includes Brazil, Russia, India, China, South Africa, and newer members like Egypt and UAE. It represents major emerging economies.

BRICS aims to reduce dependence on Western financial institutions and promote cooperation among developing nations.

The BRICS New Development Bank provides funding for infrastructure projects. If India receives funding for roads or renewable energy, it supports economic growth without relying only on Western lenders.

SCO: Regional Security and Economic Cooperation

The Shanghai Cooperation Organisation (SCO) includes India, China, Russia, and several Central Asian countries. It focuses on security, terrorism, and regional stability.

It matters because India shares security concerns such as terrorism and regional instability.

India uses the SCO platform to discuss counter-terrorism while maintaining dialogue with both China and Russia despite border tensions.

SAARC: South Asian Regional Group

SAARC includes India and its neighbouring South Asian countries. Its goal is regional cooperation in trade, culture, and development.

In reality, SAARC has been less effective due to political tensions, especially between India and Pakistan.

Because SAARC trade cooperation is weak, India increasingly relies on bilateral trade agreements instead of regional ones.

OPEC: Oil-Producing Countries That Influence Fuel Prices

OPEC is a group of major oil-producing countries that coordinate oil production and pricing policies.

It matters greatly for India because India imports most of its crude oil.

If OPEC reduces oil production, petrol and diesel prices in India can increase, affecting transport costs and household budgets.

AUKUS: Security Alliance in the Indo-Pacific

AUKUS is a security partnership between Australia, the UK, and the US, focused on defence technology and submarines.

While India is not part of AUKUS, it matters because it affects power balance in the Indo-Pacific region.

AUKUS indirectly supports India’s interest in maintaining stability in the Indian Ocean region.

Five Eyes: Intelligence Sharing Alliance

The Five Eyes alliance includes the US, UK, Canada, Australia, and New Zealand. It focuses on intelligence sharing.

It matters because intelligence cooperation influences global security decisions and cyber policies.

Although India is not a member, intelligence shared within Five Eyes can shape global narratives on security threats affecting India.

European Union (EU): Economic and Political Union

The European Union (EU) is a group of European countries that share common trade and economic policies.

It matters to India because the EU is a major trade partner.

If the EU changes import rules on textiles or pharmaceuticals, Indian exporters may need to adjust to continue selling in Europe.

International organisations and alliances play a major role in shaping global economics, security, and cooperation. For Indian beginners, understanding groups like the UN, G20, BRICS, OPEC, and SCO helps make sense of news headlines and economic changes.

Categories: Finance

About the Author

CA. Bigyan Kumar Mishra is a fellow member of the Institute of Chartered Accountants of India.He writes about personal finance, income tax, goods and services tax (GST), stock market, company law and other topics on finance. Follow him on facebook or instagram or twitter.

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