About BRICS

BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa . Originally the first four were grouped as "BRIC" (or "the BRICs"), before the controversial addition of South Africa in 2010. The BRICS members are all leading developing or newly industrialized countries , but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members.


HISTORY OF BRICS

The term "BRIC" was coined in 2001 by then-chairman of Goldman Sachs Asset Management, Jim O'Neill , in his publication
Building Better Global Economic BRICs .

List Of BRICS Summits

First Summit
Year: 2009
Venue: Yekaterinburg, Russia

2nd Summit
Year: 2010
Venue: Brasilia, Brazil
South Africa Joined BRICS

3rd Summit
Year: 2011
Venue: Sanya, China

7th Summit
Year: 2015
Venue: UFA, Russia
New Development Bank Start work. 
New Development Bank

8th Summit
Year: 2016
Venue: Goa, India

9th Summit
Year: 2017
Venue: China