Here’s why India needs BRICS and Russia

The era of rigid alliances has ended, giving rise to flexible, stable and non-militarized “coalitions of the willing”

When British economist Jim O’Neill first coined the acronym BRIC in 2001, he likely did not anticipate that this linguistic quip would evolve into one of the most promising formats in recent history. 

O’Neill simply noted common characteristics among major emerging economies and, unintentionally, uttered a self-fulfilling prophecy.