1 hr ago

BRICS Expands as India Prepares to Host 2026 Summit

BRICS Expands as India Prepares to Host 2026 Summit
Fact File: What Is BRICS? When And Why Was It Formed, Members, Objectives · NDTV

BRICS is a group where several large developing countries work together.

Its name originally came from Brazil, Russia, India and China.

The group began meeting officially in 2006 and held its first summit in 2009.

South Africa joined soon afterward, changing the name to BRICS.

Six more countries became full members between 2024 and 2025.

There are now 11 BRICS members across Asia, Africa, the Middle East and Latin America.

India will lead the group in 2026 and host its summit in New Delhi.

The group wants countries to cooperate and have a stronger voice in global organizations.

Key facts

2026 summit
India will host the 18th BRICS Summit in New Delhi on September 12-13.
Current membership
11 countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and the UAE.
Population share
BRICS members collectively represent 49.5% of the global population.
Economic share
Members account for 40% of global GDP and 26% of global trade.
Origin
The BRIC acronym was coined by Goldman Sachs in 2001.
Formalization
BRIC was formalized at a foreign ministers' meeting in 2006, and its first summit was held in 2009.
Recent expansion
Egypt, Ethiopia, Iran, Saudi Arabia and the UAE joined in January 2024; Indonesia joined in January 2025.

Sources

Related news