How Jim O'Neill's BRIC Acronym Grew Into a Major Global Bloc
· World · NDTV
In 2001, Goldman Sachs economist Jim O'Neill coined the acronym BRIC to group Brazil, Russia, India, and China as emerging economies projected to drive future global growth. What began as a financial forecast for investment firms eventually evolved into a formal diplomatic and economic bloc. The grouping later expanded to include South Africa, becoming BRICS, and further broadened to incorporate several new member states. Over two decades, the coalition transformed from a theoretical market concept into a platform for developing nations seeking alternative financial architecture and geopolitical influence. The bloc now represents a significant share of the global population and economic output.
Why it matters
The expansion and institutionalisation of BRICS shape global trade rules, energy corridors, and diplomatic alignments for emerging economies, including India.
Read the original report — NDTV
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