BRICS is an association of five major emerging economies: Brazil, Russia, India, China and South Africa. The 8th BRICS summit was held in Goa, India in 2016. The BRICS countries represent over 3 billion people and have a combined GDP of $16.6 trillion. The summit addressed many issues including financial support, trade, health, education, science and technology, and infrastructure development. Being part of BRICS provides economic opportunities for India such as employment, development partnerships, and foreign direct investment.