BRIC: GK, Current Affairs, Questions, Trivia and News

India ranked as 58th most competitive economy on World Economic Forum

India has been ranked as the 58th most competitive economy on the World Economic Forum (WEF)’s Global Competitiveness Index (GCI) for 2018. The WEF stated that India’s rank rose by five places from 2017, the largest gain among G20 economies. On the list of 140 economies, the US topped the list followed by Singapore and ..

New Development Bank (NDB) approves loan to Madhya Pradesh for infrastructure projects

The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects. The loan will be used by the Indian government for on-lending to the Madhya Pradesh government for rehabilitating major district roads with a total length of about 2,000 km to improve the connectivity of the ..

South Africa hosts 10th edition of BRICS Summit 2018

South Africa is hosting the 10th edition of BRICS Summit 2018 in Johannesburg on July 25 with theme “BRICS in Africa – collaboration for inclusive growth and shared prosperity in the 4th industrial revolution”. In it, the heads of the five BRICS nations viz. Brazil, Russia, India, China and South Africa are participating. They are ..

South Africa hosts 2018 BRICS Foreign Ministers’ meeting

The BRICS Foreign Ministers’ meeting has started in the South African city of Johannesburg on June 4, 2018. The meeting is expected to lay the foundation for 2018 annual summit of the grouping which will also be held in Johannesburg. The BRICS comprises Brazil, Russia, India, China and South Africa. External Affairs Minister Sushma Swaraj ..

Subhash Chandra Garg represents India in first meeting of BRICS Finance Ministers and Central Bank Governors

The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C on 19th April, 2018. The Government of India (GoI) was represented in the meeting by Subhash Chandra Garg , Secretary of Department of Economic Affairs (EA). The main issues ..

World Economic Forum (WEF)’s Global Manufacturing Index (GMI)

The World Economic Forum (WEF) has ranked India at 30th position on a Global Manufacturing Index (GMI). In its first “Readiness for the future of production” report, Japan has been found to have the best structure of production and is followed by South Korea, Germany, Switzerland, China, Czech Republic, the US, Sweden, Austria and Ireland. ..

India ranked 5th on a list of countries with highest Non-performing Assets (NPA) levels

India has been ranked 5th on a list of countries with highest Non-performing Assets (NPA) levels and is on top spot among the BRICS nations, according to latest report by CARE Ratings. The NPA list is topped by Greece (36.4%) followed by Italy (16.4%), Portugal (15.5%) and Ireland (11.9%). All these countries, along with Spain, ..

Shanghai hosted 2017 meeting of BRICS Trade Ministers

The 7th Meeting of BRICS Trade Ministers was held in Shanghai, China from August, 1-2, 2017. From India, the 6-member delegation led by Commerce and Industry Minister Nirmala Sitharaman , along with Ambassador J.S. Deepak, PR to WTO participated in the meeting. The trade ministers of BRICS nations discussed trade facilitation, economic and technological cooperation, ..