As Modi attends BRICS Summit in Brazil, Congress recalls Manmohan Singh’s 2012 proposal for development bank

As Prime Minister Narendra Modi attends the BRICS Summit in Brazil, Congress revisits the group's origins. Jairam Ramesh highlights Yevgeny Primakov's RIC forum idea and Goldman Sachs' BRIC report. The first BRIC summit occurred in 2009, with India hosting in 2012. Manmohan Singh proposed a BRICS Development Bank, now the New Development Bank.