Two decades ago, the BRIC economies were projected to surpass the advanced G6 economies by the early 2030s. Today, the huge potential of the BRICs prevails, but the pace has slowed and country trajectories have diverged. China and India are on track, Brazil and Russia are not, thanks to geopolitics
Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF), said “increasing non-market risks of the global payment infrastructure” was behind the plan to integrate the group’s national payment systems
Leaders of the BRICS group of leading emerging economy nations meeting this week will discuss opening their development bank to other countries to increase its capital to fund infrastructure and other projects, diplomats and the bank’s head said
India is looking to install Russian-developed equipment for life support and heating systems aboard the Gaganyaan, the spacecraft that will be used for the nation’s first manned space mission, Roscosmos has announced
Recently appointed as Russia’s Head of the Federal Agency for Tourism, Zarina Doguzova is a dab hand at handling top international events. Instrumental in making the Winter Olympics and last year the FIFA Cup, grand successes, Doguzova is now keen to strengthen Russia’s tourism ties with India and the world, a sector she identifies as a far greater force than generally viewed for its socio-economic contribution.