BRICS accounts for 30 percent of the world’s landmass and 42 percent of the world population. In 2010, the GDP of its member states made up 18 percent of the world’s GDP and their trade accounted for 15 percent of global trade tunrover.

Brazil, Russia, India, China, and South Africa can play an important role in changing the world management system and become a serious partner for the international community in solving global problems, Sudhir Vyas, Secretary, Economic Relations in the Ministry of External Affairs, said at 4th BRICS academic forum “Partnership for Stability, Security and Growth” in New Delhi on Monday, March 5.