15th BRICS Summit:
During his visit to Johannesburg in South Africa, Prime Minister Narendra Modi will attend the 15th BRICS Summit.
- Prime Minister Narendra Modi will be on a three-day visit to Johannesburg in South Africa from 22nd to 24th August 2023.
- BRICS Establishment: 2009.
- Members: Brazil, Russia, India, China, and South Africa.
- First BRICS Summit: 2009, Russian Federation.
- Previous BRICS summit/14th BRICS Summit: 2022, China.
- 15th BRICS Summit: 2023, South Africa.
- BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China, and South Africa. (BRICS)
- The British Economist Jim O’Neill coined the term “BRIC” in 2001 to describe the four emerging economies of Brazil, Russia, India, and China.
- Chairmanship rotates annually among the members, in accordance with the acronym B-R-I-C-S.
- Together, BRICS accounts for about 40% of the world’s population and about 30% of the GDP (Gross Domestic Product), 16% of the global trade.
