BRICS (Explained) | BRICS Summit, Full Form, Headquarters, Purpose | UPSC Prelims & Mains 2022-2023
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Prepare for the UPSC Exam with BYJU’S knowledge series. A key topic - BRICS and related information such as BRICS full form, Headquarter, Purpose, Summit are discussed during the session. This topic is an important part of the International Relations for UPSC Prelims & Mains 2022-2023.
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The following concepts are discussed during the session:
1. Introduction- 00:00
2. What is BRICS? - Origins of the Group- 01:28
3. Where was the first BRIC Summit held? - 05:45
4. 2008 financial crisis and unravelling of the BRICS- 06:05
5. BRICS in numbers- 08:04
6. BRICS Initiatives- 09:30
7. New Development Bank (Fortaleza Summit) - 11:25
8. Where is NDB headquartered? - 13:48
9. Voting rights in NDB- 13:56
10. NDB’s Member countries- 16:32
11. BRICS Contingent Reserve Arrangement (CRA)- 17:45
12. BRICS Proposed Initiative- 21:53
13. Diversification of BRICS- 25:46
14. BRICS- Dilemma for India- 28:00
Other related aspects such as BRICS full form, BRICS headquarters, BRICS summit, BRICS purpose, and BRICS motto are also discussed.
BRICS is an acronym for five emerging economies of the world viz. - Brazil, Russia, India, China, and South Africa. In 2001, then Goldman Sachs economist Jim O'Neill coined the acronym BRIC to describe the four emerging economies of Brazil, Russia, India and China.
The first BRIC Summit was held in 2009 in Yekaterinburg, Russia.
The New Development Bank (NDB), one of the multilateral development institutions created by the BRICS, has been working successfully and is headquartered in Shanghai, China.
During the 6th BRICS Summit in Fortaleza, Brazil (2014), the leaders signed the Agreement to establish the New Development Bank (NDB).
Some important questions from previous year's papers are also discussed in the session.
Why wait anymore? Start your preparation with BYJU’S knowledge series. Stay tuned to learn more about similar important IAS topics only on BYJU'S Exam Prep IAS. Don't forget to like, share, and subscribe to our channel.
All the very best for your upcoming exams, and let us know what you liked the most about this session.
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Recently Iran and Argentina applied to join BRICS mechanism.
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Sir thank you. Please try to upload pdf for knowledge series. Kindly take this into consideration
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It is one the best video on international forum I have come across. Detailed, crisp and covering all historical things. Impressed alot
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Thank you so much sir and thank you byju's 🙏
Tq very much sir.
Sir please provide the PDF for the knowledge series
Great video forever sir
Can we write this for any sort of questions related to brics?
Excellent one
sir provide ppt of this class
Fantastic session on BRICS,
thank you Sirji..!!
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Hindi me v BRICS summit bana dijiye
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Lots of love to all UPSC candidates😍🌍
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Thnx sir ❤
Sir plz provide notes of these lecture
Hello Sir....
Thank you so much for this initiative...
where we get pdf of this lecture...
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How can we download pdf
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thank you sir
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