The document discusses the BRICS group, which includes Brazil, Russia, India, China and South Africa. It notes that BRICS represents over 3 billion people and accounts for $20 trillion in GDP and 40% of world population. While originally conceived as "BRIC", South Africa was added in 2010. The document outlines some key differences between BRICS countries but also how China has emerged as a leader, establishing the New Development Bank. It discusses opportunities and challenges for India from its involvement in BRICS.