With a combined nominal GDP of close to $15 trillion, the “BRICS”—Brazil, Russia, India, China and South Africa—are at the forefront of the world's emerging economies. Brookings experts examine emerging economies in detail, and provide recommendations on how to adjust and capitalize on the growth of these new economic powers.
REUTERS/Paulo Whitaker - (R-L) South Africa's Finance Minister Nhlanhla Nene, China's Finance Minister Lou Jiwei, Brazil's Finance Minister Guido Mantega and India's Minister of State for Finance and Corporate Affairs Nirmala Sitharaman shake hands as Russia's Finance Minister Anton Siluanov looks on after they sign an agreement to base a joint development bank during the VI BRICS Summit in Fortaleza July 15, 2014.
BRICS: Panel Discussion on the New Development Bank
July 21, 2014, Tanvi Madan
In this interview with CCTV America, Tanvi Madan discusses India's position on the newly proposed BRICS development bank, stating that India views this bank as a way to achieve greater voice in the world stage and more representation in the global financial architecture.
Asia and the Pacific
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India and the Multilateral Order
Waheguru Pal Singh Sidhu, Pratap Bhanu Mehta and Bruce Jones, eds., August 2, 2013
Clifford G. Gaddy
Senior Fellow, Foreign Policy, Center on the United States and Europe
Senior Fellow, Global Economy and Development
New Century Chair in International Trade and Economics
Nonresident Senior Fellow, Global Economy and Development, Africa Growth Initiative
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