Emerging market Current Affairs, GK & News

11th BRICS summit at Brazil

The 11th BRICS Summit has been scheduled to be held in Brasilia, Brazil, from 13 November 2019. The theme of the BRICS summit this year is “Economic Growth for an Innovative Future.” This will be the sixth time that Prime Minister Narendra Modi will be participating at the BRICS summit. The first BRIC Summit was ..

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India ranked at 54th position in list of world’s most innovative countries

India has been ranked at 54th position in the list of world’s most innovative countries, according to Bloomberg 2019 Innovative Index. It is for the first time that India has made it to the rankings. South Korea has topped the Index for the sixth time in a row with a total score of 87.38, followed ..

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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 ..

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European Bank for Reconstruction and Development approves India’s membership

The European Bank for Reconstruction and Development (EBRD) has recently approved India’s membership after its shareholders gave their nod to make India its 69th member. The formal membership process will now get underway, which includes the purchase of shares by India at an estimated cost of around €1 million. The London-headquartered EBRD is a multilateral ..

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India ranked 62nd place among emerging economies IDI-2018

India has been ranked at the 62nd place among emerging economies on an Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF). India’s position is much below China (26th) and Pakistan (47th). The 2018 index, which measures the progress of 103 economies on three individual pillars – growth and development; inclusion; and inter-generational equity ..

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