Important Summary 👍 BRICS
BRICS brings together five major emerging economies, comprising 43% of the world population, having 30% of the world GDP and 17% share in the world trade.
8th Summit is scheduled to take place on 15-16 October 2016 in Goa .
The theme of India’s BRICS Chairmanship is Building Responsive, Inclusive and Collective Solutions.
During Indias BRICS Chairmanship, five-pronged approach will be adopted.
(i) Institution building to further deepen, sustain and institutionalise BRICS cooperation;
(ii) Implementation of the decisions from previous Summits;
(iii) Integrating the existing cooperation mechanisms;
(iv) Innovation, i.e., new cooperation mechanisms; and
(v) Continuity, i.e., continuation of mutually agreed existing BRICS cooperation mechanisms.
In short, the Indian approach towards its BRICS Chairmanship could be captured by ‘IIIIC or I4C’.
The focus during India’s BRICS Chairmanship will be on enhanced people-to-people (P2P) contacts of BRICS member states, especially youth. In this context, India has planned activities like U-17 Football Tournament, Youth Summit, Young Diplomats’ Forum, Film Festival etc.
Heads, Capitals and currencies :-
Brazil
President Michael Temer
Capital Brasilia -
Currnecy Brazilian Real
Russia
President Vladimir Putin
Capital Moscow
Currency Russian Ruble
India
Prime Minister Narendra Modi
Capital New Delhi
Currency Indian Rupee
China -
President Xi Jinping
Capital Beijing
Currency Renminbi
South Africa -
President Jacom Zuma
Capitals Pretoria/Cape Town
Currency South African Rand