China and India will lead the world through their contribution to the global gross domestic product expansion, followed by the US, according to a recent International Monetary Fund (IMF) report Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.