What is BRICS?
BRICS is an acronym that stands for Brazil, Russia, India, China, and South Africa. It represents a group of five major emerging economies from different regions of the world.
The BRICS countries are known for their significant influence on regional and global affairs due to their large populations, substantial land areas, and rapidly growing economies.
The member countries of BRICS hold annual summits to discuss and collaborate on various economic, political, and strategic issues. These summits provide a platform for the member nations to strengthen their relationships, promote economic cooperation, and address common challenges on the global stage.
BRICS represents a significant geopolitical and economic alliance, bringing together some of the world's fastest-growing economies to enhance their collective influence and address shared concerns.