Tag: About BRICS

About BRICS its a grouping of five major emerging economies: Brazil, Russia, India, China, and South Africa. The term BRICS was first coined by the Goldman Sachs economist Jim O'Neill in 2001 to describe these countries' potential as emerging markets with significant economic growth prospects. Since then, the BRICS countries have formed a loose association with the goal of enhancing economic cooperation and increasing their collective influence in the global economy. In 2009, the first BRIC summit was held in Yekaterinburg, Russia, where the leaders of Brazil, Russia, India, and...