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Mahesh

24/08/23 09:28 AM IST

Prime Minister’s participation in the 15th BRICS Summit

In News
  • Prime Minister Shri Narendra Modi participated in the 15th BRICS Summit held under South Africa’s chairship, in Johannesburg recently.
BRICS Summit
  • In 2001, the British Economist Jim O’Neill coined the term BRIC to describe the four emerging economies of Brazil, Russia, India and China.
  • The grouping was formalised during the first meeting of BRIC Foreign Ministers on the margins of the UNGA in New York in 2006.
  • The first BRIC Summit was held in Yekaterinburg, Russia, in June, 2009.
  • The expansion of grouping took place at Foreign Ministers’ meeting in New York in 2010 with the inclusion of South Africa.
  • South Africa attended the third BRICS Summit in Sanya, China` in April 2011.
  • BRICS countries together accounts for 42% of the world’s population, a third of the global GDP and around 17% share of world trade.
  • BRICS countries’ sizable contribution to global growth, trade and investment makes it an important pillar of global order.
New Development Bank
  • In 2001, the British Economist Jim O’Neill coined the term BRIC to describe the four emerging economies of Brazil, Russia, India and China.
  • The grouping was formalised during the first meeting of BRIC Foreign Ministers on the margins of the UNGA in New York in 2006.
  • The first BRIC Summit was held in Yekaterinburg, Russia, in June, 2009.
  • The expansion of grouping took place at Foreign Ministers’ meeting in New York in 2010 with the inclusion of South Africa.
  • South Africa attended the third BRICS Summit in Sanya, China` in April 2011.
Source- PIB

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