Significance of BRICS for India in the Global Order - By Satish Kumar Karna
Significance of BRICS for India in the Global Order for UPSC
BRICS is an acronym for 5 emerging economies of the world namely – Brazil, Russia, India, China, and South Africa. The term BRIC was coined by Jim O’ Neil, an economist and the then chairman of Goldman Sachs in 2001.The first BRIC summit took place in the year 2009 in Yekaterinburg (Russia). In 2010, South Africa formally joined the association making it BRICS. BRICS headquarters is situated in Shanghai, China. BRICS countries have contributed significantly to global economic growth over the years. Also, it has emerged as a key factor ....
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