The current idea of ‘BRICS’ (Brazil, Russia, India, China, South Africa) owes its origin to the term ‘BRIC’ coined by noted global financial consultancy Goldman Sachs in 2001. The first Summit of BRIC was held in Russia in 2009 and it became BRICS (with inclusion of South Africa) in 2011. Soon it may become BRICSAM with possible inclusions of Argentina and Mexico in near future.
The current idea of ‘BRICS’ (Brazil, Russia, India, China, South Africa) owes its origin to the term ‘BRIC’ coined by noted global financial consultancy Goldman Sachs in 2001. The first Summit of BRIC was held in Russia in 2009 and it became BRICS (with inclusion of South Africa) in 2011. Soon it may become BRICSAM with possible inclusions of Argentina and Mexico in near future.