8th BRICS Summit

BRICS is a group of five major emerging economies, comprising 43% of the world population, having 37% of the world GDP and 17% share in the world trade. South Africa was the last country which have joined the group in 2010 and completed the group as BRICS

The 8^th BRICS (Brazil, Russia, India, China and South Africa) summit was held on 15^th and 16^th October 2016 in Benaulim city of Goa, India

Theme: Building Responsive, Inclusive and Collective Solutions.

Participants:

Prime Minister Narendra Modi
Brazilian President Michel Temer
Russian President Vladimir Putin
Chinese President Xi Jinping
South African President Jacob Zuma

IMPORTANT FACT TO KNOW ABOUT BRICS NATIONS

The theme for 2016 BRICS Summit was – Building Responsive, Inclusive and Collective Solutions
The 2016 BRICS Summit concluded with adoption of Goa Declaration, it is the responsibility of all states to prevent terrorist actions from their territories
The ninth BRICS Summit will be hosted by China in – 2017

BRAZIL

Capital: Brasília
Currency: Brazilian real
President: Michel Temer

RUSSIA

Capital: Moscow
Currency: Russian ruble
President: Vladimir Putin
Prime minister: Dmitry Medvedev

INDIA

Capital: New Delhi
Currency: Indian rupee (INR)
President: Pranab Mukherjee
Vice-President: Mohammad Hamid Ansari
Prime Minister: NarendraModi
Chief Justice: T. S. Thakur

CHINA

Capital: Beijing
Currency: Renminbi (yuan; ¥)
President: Xi Jinping

SOUTH AFRICA

Capital: Pretoria (executive) Bloemfontein (judicial) Cape Town (legislative)
Currency: South African rand (ZAR)
President: Jacob Zama
Deputy President: Cyril Ramaphosa

Focus of the Summit

The summit’s focus was on enhancing people-to-people (P2P) contacts of BRICS member states, especially youth. In this context, India conducted activities like U-17 Football Tournament, Youth Summit, Young Diplomats’ Forum, and Film Festival among others.
The ninth BRICS Summit will be hosted by China in 2017. In 2015, the seventh BRICS summit was held from 8 to 9 July in the Russian city of Ufa in Bashkortostan.