NEW DELHI, Sept 12 (Reuters) – Leaders of the BRICS group of nations will meet on Saturday in the Indian capital of New Delhi for their annual summit, amid mounting geopolitical tension, disruptions in energy markets, shipping, and global trade.
Here is a look at the bloc’s history, and the challenges it faces today.
WHAT ISBRICS?
The acronym BRIC was coined by Goldman Sachs Chief Economist Jim O’Neill in 2001, in a research paper highlighting the growth potential of Brazil, Russia, India, and China, but it was not until 2009 that the countries came together as a bloc.
