17th BRICS Summit:
India’s Prime Minister of India participated in the 17th BRICS Summit in Brazil, where Indonesia was welcomed as a full BRICS member. The summit also saw adoption of the Rio de Janeiro Declaration focused on global governance reforms and sustainable development.BRICS is an intergovernmental forum of emerging economies initially comprising Brazil, Russia, India, China, and South Africa. The term “BRIC” was coined in 2001 by economist Jim O’Neill to represent fast-growing economies. South Africa joined in 2010, making it BRICS.
