Recently, Sco Summit was attended by PM Modi in Samarkand, which was hosted at a crucial time because of instable world order of rising oil prices & Russia-Ukraine war.
SCO holds a larger opportunity for India to balance its need in Geopolitics
Tackling China
Participation in sco would leverage India to exert Pressure on China with reference to its Wolf Warrior & Salami Slicing Policies.
When the whole Western would is against Russia's aggression in Ukraine, India stands on crisis to whom to support, therefore, SCO participation makes indication of pursuing multi-alignment
between Western would & Russia also both, Changing Form from older times
Earlier, India was known for having NAM establishment & Propogation but now, that scenario is changing due to heavy Polarisation.
Need for Both
India needs both Russia & Western World ( USA) for its development and safety; Because Russia still accounts for ~50% of India's defence imports and West & USA are its critical Trade Partners.
Therefore, there is a need for Multi-Alignment.
Indian Ocean Region & Would Power
India needs support of West (viz. QUAD, I2U2,ek.) to protect Ocean Region from China's Interference; this ensures the need for Multi Alignment.
Thus, SCO Meetings hold an importance relevance in critical time such as this for Greater Good of India in warld Affairs.