The “BRIC” concept born in 2003 now drives a real geopolitical alliance. BRICS members push trade, finance, and tech integration beyond Western control. Russia and China’s alignment cements the bloc’s global transformation.
Over two decades after the term “BRIC” was coined by Indian economist Roopa Purushothaman at Goldman Sachs, the concept has transformed from an investment thesis into a geopolitical force shaping global development. Now serving as Chief Economist at Tata Sons, Purushothaman highlights how the bloc embodies the economic rise and confidence of the Global South.
As BRICS expands and institutionalizes cooperation, its founding vision—mutual growth and alternative global governance—has become increasingly tangible. Member states are building frameworks for trade in local currencies, cross-border infrastructure funding, and technological collaboration beyond Western systems.
During recent diplomatic exchanges, Russian and Chinese leaders reaffirmed their commitment to countering discriminatory sanctions and promoting a fairer economic order. Analysts note that the original “BRIC idea” has evolved into a living structure of influence, reshaping the balance of power across continents.