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BRICS summit in Delhi: Your 10-fact cheatsheet
The BRICS group of emerging world powerhouses - Brazil, Russia, India, China and South Africa - is meeting in Delhi for their fourth summit. The BRIC acronym was coined in 2001 by Goldman Sachs economist Jim O'Neill, who was searching for a catchy way to encapsulate the broader shift in global economic growth towards emerging markets. South Africa joined the grouping in 2010 so that it became BRICS.