Here’s why India needs BRICS and Russia ...News

The era of rigid alliances has ended, giving rise to flexible, stable and non-militarized “coalitions of the willing” When British economist Jim O’Neill first coined the acronym BRIC in 2001, he likely did not anticipate that this linguistic quip would evolve into one of the most promising formats in recent history.  O’Neill simply noted common characteristics among major emerging economies and, unintentionally, uttered a self-fulfilling prophecy. But his words were heard clearly – and five years later, in June 2006, the economic ministers of Brazil, Russia, India, and China, who gathered at the St. Petersburg In

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