The acronym BRICS refers to a group of countries—Brazil, Russia, India, China and South Africa—diverse in terms of economics and geography. Soon after, it evolved into a reality with the first annual BRICS Summit in 2009. Of this, Brazil, India, China and South Africa taken together accounted for 5.5%, 7.4% and 18.9% in those years. This is the reason why it was South Africa, in Africa, rather than Indonesia, in Asia, that was included. India, Brazil and South Africa are engaged in knocking at the door, seeking permanent membership of the Security Council.

Source: Mint September 07, 2017 18:32 UTC