September 9, 2026 12:14 PM
BRICS Summit 2026: How the grouping is reshaping the global economic order
Twenty years after the BRIC grouping emerged, BRICS has grown into a major platform representing the shifting balance of the global economy, with increasing economic weight and a broader institutional role. What began as an acronym coined by Goldman Sachs for Brazil, Russia, India and China has evolved into a wider grouping addressing trade, finance, development, technology, supply chains and global governance. BRICS economies accounted for nearly 40 per cent of global GDP on a purchasing powe...