What is New Development Bank (NDB)? |BRICS Bank Explained | Economy Simplified | Drishti IAS English

To avail the Hindi Diwas Sale discount of Upto 50%, click the link and fill out the form:https://drishti.xyz/Hindi-Divas-yt ************************************************************************** Strengthen your UPSC Economy preparation with this detailed explanation of “New Development Bank (NDB)”, an important concept related to international financial institutions, BRICS cooperation, infrastructure development, sustainable growth, and global economic governance. This session is part of the Economy Simplified Series, designed to explain important economic concepts, institutions, and policy frameworks in a simple and exam-oriented manner for UPSC aspirants. The New Development Bank (NDB) is a multilateral development bank established by the BRICS countries (Brazil, Russia, India, China, and South Africa) to finance infrastructure and sustainable development projects in emerging economies and developing countries. In this session, we explain the origin, objectives, structure, and significance of the New Development Bank, including its role in promoting South-South cooperation, local currency financing, infrastructure development, and a more inclusive global financial system. The video also covers India’s role in the NDB, major projects supported by the bank, and its importance in the context of the evolving multipolar economic order. This topic is highly relevant for UPSC Prelims 2027 and UPSC Mains GS Paper 3, especially under Indian Economy, International Financial Institutions, Globalisation, Economic Development, BRICS, Multilateral Organisations, and Current Affairs. It is also useful for State PCS and other competitive examinations. ************************************************************************** 𝐋𝐢𝐧𝐤𝐬 𝐨𝐟 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 Important 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭𝐬- 1. Latest Update: https://drishti.xyz/Latest-Update 2. NCERT Foundation Series: https://drishti.xyz/NCERT-Foundation-... 3. How to Prepare Optional: https://drishti.xyz/How-to-Prepare-Op... 4. Optional Subject Demo Classes: https://drishti.xyz/Optional-Subject-... 5. UPSC Mock Interview 2024: https://drishti.xyz/UPSC-2024-Mock-In... 6. IAS Toppers Talk 2024: https://drishti.xyz/Toppers-Talk-2024... 7. Voices of the Revolution: https://drishti.xyz/Voices-of-the-rev... ************************************************************************* Our Key Courses: 1. GS Foundation Courses: https://drishti.xyz/GS-foundation-Onl... 2. GS Studio Foundation Course (Hindi): https://drishti.xyz/GS-Studio-Foundat... 3. GS Studio Foundation Course (Hinglish): https://drishti.xyz/gs-studio-foundat... 4. GS Studio Foundation Course (English): https://drishti.xyz/GS-Studio-Foundat... 5. NCERT Online Courses: https://drishti.xyz/NCERT-Online-Courses 6. UPSC Optional Subjects Online Courses: https://drishti.xyz/UPSC-Optional-Sub... 7.IAS Prelims 2026 Online Courses: https://drishti.xyz/IAS-Prelims-2026-... 8. IAS Mains 2026 Online Courses: https://drishti.xyz/IAS-Mains-2026-On... 9. Current Affairs (Prelims + Mains) IAS 2026 Online Courses: https://drishti.xyz/UPSC-Current-Affa... 10. UPSC Prelims 2026 Test Series: https://drishti.xyz/IAS-Prelims-2026-... 11. UPSC Mains 2026 Test Series: https://drishti.xyz/IAS-Mains-2026-Te... 12. EPFO Online Course: https://drishti.xyz/UPSC-EPFO-Online-... 13. CAPF Online Courses: https://drishti.xyz/CAPF-Online-Courses ************************************************************************* Drishti Store: https://drishti.xyz/Drishti-Store-yt Amazon: https://drishti.xyz/drishti-publicati... flipkart: https://drishti.xyz/drishti-publicati... ************************************************************************* 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐀𝐩𝐩 𝐧𝐨𝐰 : IOS: https://drishti.xyz/DLA-IOS Android : https://drishti.xyz/DLA-Android Windows : https://drishti.xyz/DLA-Windows =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 : https://drishti.xyz/SocialMedia-YT #NewDevelopmentBank #brics2026 #NDB #BRICS #BRICSBank #InternationalFinancialInstitutions #GlobalEconomy #SouthSouthCooperation #InfrastructureDevelopment #SustainableDevelopment #IndianEconomy #EconomyForUPSC #EconomySimplified #UPSC2027 #UPSCPrelims #UPSCMains #GS3Economy #EconomicCurrentAffairs #BRICSSummit #MultilateralBanks #IAS #DrishtiIASEnglish #UPSCPreparation | #CivilServicesExam | #IASPreparation | #UPSC2026 | #UPSCMotivation | #CurrentAffairs | #upscmains