India (New Delhi) hosts 4th BRICS Summit (2012) with theme of ‘Partnership for Stability, Security and Growth’

India (New Delhi) hosts 4th BRICS Summit on March 29, 2012 with theme of ‘Partnership for Stability, Security and Growth’.

Following a meeting in Brasilia in 2010, to which South Africa was invited as a guest, the group invited South Africa to join as a full member in 2011 and the group formerly called BRIC officially became BRICS.

  • BRIC stands for Brazil, Russia, India and China.
  • BRICS stands for Brazil, Russia, India, China and South Africa.

 

Summit

Date

Host Country – Leader

Participants

location

1st

June 16, 2009

Dmitry Medvedev

(Russia)

BRIC

Yekaterinburg

2nd

April 16, 2010

Luiz Inacio Lula da Silva

(Brazil)

BRIC

Brasilia

3rd

April 14, 2011

Hu Jintao

(China)

BRICS

Sanya

4th

March 29, 2012

Manmohan Singh

(India)

BRICS

New Delhi

 

The BRIC acronym was coined in 2001 by Goldman Sachs economist Jim O’Neill, who was searching for a catchy way to encapsulate the broader shift in global economic growth towards emerging markets.

BRICS accounts for 26 per cent of the world’s landmass and 42 per cent of the global population and 40 percent of the global GDP ($18.486 trillion). Goldman Sachs predicts that “BRIC can become collectively bigger than the G-7 (the top industrial powers) by 2035”.

 

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2 responses to this post.

  1. Posted by Karthick on March 31, 2012 at 11:53 am

    Dear sir, we are m.sc biotechnology qualified. like to know whether we are eligible for Tnpsc drug inspector exam. If eligible Which subject we have to choose For writing the exam as there is no biotechnology in it. Pl help us in this

    Reply

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