RICH

If the strengths of Russia, India and China (RIC) come together, they could create a powerful economic network with significantly less dependence on Western countries. I like to call this potential alliance RICH — Russia, India and China Harmony.

Together, these three countries represent more than 36% of the world’s population, with a combined population of around 3.01 billion people.

They have a combined Nominal GDP of approximately $26 trillion, a PPP economy exceeding $65 trillion, and account for roughly 21% of global military expenditure. Together, they represent approximately 22% of the global economy.

Closer cooperation could also strengthen their strategic autonomy in energy, supply chains, trade, defence, technology, critical minerals, manufacturing and finance.

However, under the current circumstances, RICH is unlikely to develop into a fully integrated political and economic bloc like the European Union (EU). Differences, particularly between India and China, remain significant. Nevertheless, there is considerable potential for a strong strategic partnership in selected areas where their interests converge.

RICH does not necessarily have to be an alliance against anyone. It could instead become a framework based on cooperation, mutual respect, strategic autonomy and shared strength — contributing to a more balanced and multipolar global order.