---
title: "what is BRICS stand for?"  
description: "what is BRICS stand for?"  
author: "Gurmeet Kaur"  
published: 2019-03-08  
canonical: https://answers.mindstick.com/qa/51805/what-is-brics-stand-for  
category: "general knowledge"  
tags: ["general knowledge"]  
reading_time: 1 minute  

---

# what is BRICS stand for?

[BRICS](https://yourviews.mindstick.com/story/3551/why-did-brics-created) is the acronym coined for an association of [five major](https://answers.mindstick.com/qa/47477/which-are-the-five-major-titles-in-international-golf) [emerging](https://yourviews.mindstick.com/view/85681/indians-emerging-as-the-highest-ethnic-group-in-usa) national economies

## Answers

### Answer by DILIP SINGH

![what is BRICS stand for?](https://answers.mindstick.com/questionanswer/943f1b4e-de22-492e-8a81-eebcb2c439dc/images/0349a016-d723-4421-8701-46a47a1c9020.jpeg)**\**

**BRICS stands for Brazil, Russia, [India,](https://yourviews.mindstick.com/view/335/india-vs-pakistan-military-powers) [China](https://answers.mindstick.com/qa/43350/why-did-america-push-for-an-open-door-with-china), and South Africa,** which are all deemed to be at a similar stage of newly advanced economic development.

**BRICS is first established in 2010 as BRIC, South Africa was later added to list on April 2011 creating “BRICS”. As of 2011, 5 countries were among the quickest growing rising markets. It's important to notice that the Goldman Sachs thesis is not that these countries area unit a political alliance (like the [European Union](https://answers.mindstick.com/qa/38386/people-of-which-country-has-voted-to-leave-the-european-union-eu-after-a-historic-referendum-to-take-greater-control-of-its-economy-and-its-borders)) or a proper commercialism association**. Instead, they need the potential to create a robust economic alignment. Leaders from BRIC countries frequently attend [summit](https://answers.mindstick.com/qa/40178/in-which-country-was-6th-brics-summit-held-in-2014)s along and infrequently act as one with every others’ interests. Today, BRIC is also used as a more generic marketing term to refer to the four original emerging economies. Columbia University established a BRIC Lab that examines foreign, domestic, and monetary policies of BRIC members. \


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Original Source: https://answers.mindstick.com/qa/51805/what-is-brics-stand-for

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