BRICS is a group of five countries which are Brazil, Russia, India, China and South Africa. Originally, four countries joined as BRIC and South Africa joined later. In 2001, the term BRIC was used by chairman of Goldman Sachs Asset Management Company. BRICS was found in 2006 in which these five countries joined their hands together with the objective of political, economic and regional integration. www.forindialovers.com