The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
China is now best-placed to lead a global drive against the biased economic environment which has mostly relegated non-European countries to the sidelines of the mainstream discussion about the future of the world economy, analysts have said
An investment fund, founded by the national funds of India and Russia, is planning to invest $1bn in Russian companies expanding to India and thus to attract $10bn from third party investors. Energy, machinery, petrochemical and other sectors are to be involved. The fund already has proposals from about 20 companies, including KAMAZ