BRICS Explained: Its History, Expansion, Objectives and India’s Role
Source: NewsX | Original Published At: 2026-09-05 07:02:00 UTC
Key Points
- BRICS provides a platform for developing economies to coordinate on trade, development and international affairs.
- The article traces the BRIC acronym to 2001, the first summit to 2009 and South Africa's accession to 2010.
- Expansion has broadened the group's geographic reach through additional full members and a partner-country framework.
- The New Development Bank supports development projects involving infrastructure, energy and roads.
- BRICS advocates reform of international institutions to give developing countries greater participation in decision-making.
- India participates as a founding member, supporting cooperation and seeking stronger trade ties, development financing and international engagement.