India has been a member of the BRICS group since 2009. It has been a staunch advocate for the synergistic power. Their summits have focused on a wide range of topics, all of which share the common goal of reorganizing the global economic and political order. The BRICS nations have together accomplished several significant milestones which include the establishment of the New Development Bank, the BRICS Payment System, collaborative anti-terror programs, climate mitigation, green energy, and other such initiatives. South Africa played home to the 15th BRICS Summit, which took place in the August of 2023 and was centered around the theme of “BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development, and Inclusive Multilateralism.” This essay considers issues from an Indian perspective that may pop up in the future BRICS summit.

Outward Foreign Direct Investment (OFDI) is the cross-border capital flow with the objective of the long-term association having at least a ten percent stake in the equity of the host country firm. In the case of new investment, the total equity is OFDI. This research aims to analyze OFDI in the context of China. The lasting interest is considered 10% equity, thereby saying that if the cross-border investment is at least 10% of the equity share capital, the investment would be considered FDI; if below 10%, it is considered to be a Portfolio Investment. We have applied a more emic approach and discussed the determinants of multinational companies (MNCs) from China. Using an exploratory and qualitative approach, case studies of Chinese MNCs are discussed. Secondary data is utilized to obtain a closer insight into the determinants of OFDI from Chinese MNCs. At the end of this paper, suggestions for OFDI policymakers and study limitations are discussed. This research makes recommendations to the Chinese government regarding OFDI in connection with their economic development.