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Thursday, March 29, 2012

''Building BRICS for a new world''

From Hindustan Times

''With the BRICS summit starting on Thursday, the leaders of five emerging economies are all set to unveil a blueprint that will further their economic clout as well as strike political positions on global issues.

BRICS, touted as the new growth poles of the world, accounts for 25% of the global GDP, 18% of trade, 40% of the world's foreign exchange, and nearly half its population.

Since the last summit in Sanya, China, the grouping has decided to add greater political content to deliberations. 
The leaders will focus on fostering the intra-group trade, which has grown to an impressive 28% over the last few years.''

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