Brics Includes Brazil, Russia, India, China and South Africa.
the Association Was Initially Called Bric Before South Africa Was Incorporated in 2011. Brics Members Are Known for Their Fast Growing Economies and Its Impact on Global Affairs. All Five Nations Are Members of the G20. Brics Was Formed for Two Major Reasons Which Are as Follows:
a Self-Managed Organization to Challenge Our Supremacy to Be Able to Plan and Implement Development and Affordable Schemes in Member Countries Without Relying on Any Foreign Organization to Become an Alternative to the World Bank and the International Monetary Fund, Without Relying on Any Foreign Organization, the Term “Bric” Was Coined by Goldman Sachs Economist Jim O’neill in 2001. Gazil Used This Term in His Report on Growth Prospects for the Economies of Russia, India and China. Four Countries Which Together Were an Important Part of the World’s Population and Economy.
the First Bric Summit Held in Yekaterinburg, Russia on 16 June 2009. Since 2009 the Group Held Annual Summits and Member Countries Went in Turn to Host the Summit. the Summit Aims at Political, Business and Cultural Cooperation. to Promote and Strengthen Global Economic Relations Among Members.
as of 2015 the Population of These Five Countries Was Around 3 Billion; About 42% of the Total Population of the World And, Equivalent to About 20 Percent of the Gdp of These Five Countries, It Is Estimated That the Brics Combined Gdp Will Be 50 Trillion Dollars by 2020.
इस आलेख को हिंदी में पढ़े :- BRICS Full Form In English
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