What is BRICS summit ?

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Rahul Roi asked 10 days ago in Business & Finance by Rahul Roi

What is BRICS summit ?

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Shrikant Mishra answered 8 days ago by Shrikant Mishra

What is BRICS summit ?

BRICS summit is the acronym coined to associate five major emerging national economies: Brazil, Russia, India, China, and South Africa. All BRICS members are known for their significant influence on regional affairs. After 2009, the BRICS nations have met annually at formal summits. And Brazil hosted the most recent 11th BRICS summit on 13–14 November 2019.

If you know about BRICS or what its origin is then the "BRIC" is believed to be coined in 2001 by then-chairman of Goldman Sachs Asset Management, Jim O'Neill, in his publication Building Better Global Economic BRICs. However, This was actually inscribe by a Lady "Srimati Roopa Purushothaman" who was a Research Assistant in the original report. Whereas the foreign ministers of the initial four BRIC General states (Brazil, Russia, India, and China) met in New York City in September 2006 at the margins of the Common debate of the UN Assembly, beginning a series of high-level meetings. The entire scale diplomatic meeting was held in Yekaterinburg, Russia, on 16 June 2009.

What is BRICS summit ?