Discuss the rationale behind India's recent pitch for 'New Orientation for a Reformed Multilateral System (NORMS)' to reflect the present day geo-political realities. (Answer in 150 words)

India and the global south have time and again emphasised in the need to transform international & multilateral organisations in wake of changed geo-political realities. Geo-political dynamism: BRICS (developing countries, stagnant growth), PS-UN (diagnation doesn't represent present power dynamics), E.U. (present stagnant growth, SSI in Europe, certain world economies witnessing contraction) India-China Constituting biggest drivers of growth (Rise of Asia) NORMS is a reflection of changed geopolitics and aims to: (1) Reform UNSC - to include rising & significant powers like India (2) Reform World Bank & IMF - Given voting pattern is singly concentrated among European member countries. (3) Climate change - Common but differentiated Responsibility CBDR to third developing countries (4) COVID-19 and deglobalisation - After the pandemic countries have moved towards closed borders and are now unwilling to open borders.

NORMS is a reflection of changed geopolitics and aims to: (1) Reform UNSC - to include rising & significant powers like India (2) Reform World Bank & IMF - Given voting pattern is singly concentrated among European member countries. (3) Climate change - Common but differentiated Responsibility CBDR to third developing countries (4) COVID-19 and deglobalisation - After the pandemic countries have moved towards closed borders and are now unwilling to open borders. NORMS is the initiative of developing countries to ensure responsive, accountability in the global arena.