Sign In
Learn bits
World Affairs
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

More Related Current Affairs View All

17 Jan

Groundwater contamination in India

'Of the 15,239 groundwater samples collected from across the country for testing, 19.8% samples had nitrates — nitrogenous compounds — above safe limits though it must

Read More

17 Jan

Draft data protection rules

'The Ministry of Electronics and Information Technology on January 3, 2025, released the the draft rules for implementing the Digital Personal Data Protection (DPDP) Act, 2023 &mda

Read More

16 Jan

INS Surat, INS Nilgiri and INS Vaghsheer commissioned

'PM Modi dedicated three frontline naval combatants to the nation on their commissioning.' The naval combatants – INS Surat, INS Nilgiri and INS Vaghsheer --were commissio

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps