BRICS leaders convene in Delhi for summit
Wednesday, Mar 28, 2012 Filed Under :Planet Talk Instant News
Leaders from the BRICS regions are arriving in New Delhi ahead of a summit set to discuss trade relations between the emerging economies, the Indian government said today (March 28th).
Before making cheap calls to India to discuss the debate, it is worth pointing out the acronym BRICS stands for the developing economies in Brazil Russia, India, China and South America.
The latter region was added last year, with the term coined by Goldman Sachs economist Jim O’Neill in which he predicted global economic trends for the next 50 years.
This meeting marks the fourth summit themed BRICS Partnership for Global Stability, Security and Prosperity, with leaders set to enjoy a meal hosted by president Pratibha Patil this evening.
Prime minister Manmohan Singh is due to hold bilateral talks with the leaders after Thursday’s summit, in which he will raise issues like bridging the trade deficit and fast-tracking the new confidence-building measures.
Among the major industries contributing to India’s success as an emerging market are textile goods, gems and jewellery and software services.
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