Sign In
Learn bits
World Affairs
Mahesh

25/06/22 06:14 AM IST

14th BRICS Summit

In News 
  • Prime Minister Shri Narendra Modi led India’s participation at the 14thBRICS Summit, convened under the Chairmanship of President Xi Jinping of China in virtual moment.
Details 
  • Prime Minister called for strengthening of the BRICS Identity and proposed establishment of Online Database for BRICS documents, BRICS Railways Research Network, and strengthening cooperation between MSMEs.
  • India will be organizing BRICS Startup event this year to strengthen connection between Startups in BRICS countries.
BRICS 
  • BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China, and South Africa.
  • In 2001, the British Economist Jim O’Neill coined the term BRIC to describe the four emerging economies of Brazil, Russia, India, and China.
  • South Africa was invited to join BRIC in December 2010, after which the group adopted the acronym BRICS.
  • The grouping was formalised during the first meeting of BRIC Foreign Ministers’ in 2006.
  • The BRICS brings together five of the largest developing countries of the world, representing 41% of the global population, 24% of the global GDP and 16% of the global trade.
Source- PIB 

More Related Current Affairs View All

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

28 Aug

H-1B visa changes

'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

Read More

India’s First Ai-Driven Magazine Generator

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