Sign In
Learn bits
World Affairs
Mahesh

20/04/22 20:19 PM IST

BRICS Summit

In News 
  • India has agreed to attend a virtual summit of leaders of the Brazil-Russia-India-China-South Africa grouping, likely to be held at the end of June.
  • India hosted last year’s BRICS summit, which was also held virtually, and attended by the five leaders.
  • This is the first summit hosted by China since the tensions broke out at the Line of Actual Control (LAC) due to the PLA’s transgressions in April 2020.
BRICS 
  • BRICS is the group composed of the five major emerging countries – Brazil, Russia, India, China and South Africa.
  • It together represents about 42% of the population, 23% of GDP, 30% of the territory and 18% of the global trade.
  • The acronym BRIC was coined by economist ‘Jim O’Neill’ of Goldman Sachs in 2001 to indicate the emerging powers that would be, alongside the United States, the five largest economies of the world in the 21st century.
Source-The Hindu 

More Related Current Affairs View All

05 May

Key objectives of caste count

'The Union Cabinet has decided that the next Census will include questions on caste to its enumeration of India’s population, for the first time in almost a century. ' T

Read More

05 May

2 new genome-edited rice varieties

'Agriculture Minister Shivraj Singh Chouhan recently released two genome-edited varieties of rice, the first achievement of its kind in the country.' These two varieties, which

Read More

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

India’s First Ai-Driven Magazine Generator

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