Brics: What is the Meaning of Brics?

  • Brics definition is: An acronym was first used in 2003 to describe the economies of Brazil, Russia, India and China. According to Forbes Magazine, the general consensus is that the term was first used in a Goldman Sachs report, which predicted that the four economies would be richer by 2050 than most of today's major economies.

Meanings of Brics

  1. Brazil, Russia, India, China and South Africa are collectively seen as a group of emerging economies that are growing just as fast in the early part of the 21st century. But in abundance: each of these countries individually.