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Politics, not economics, becoming more important for BRICS

Ahead of the group's annual summit, while the bloc has helped to achieve lower global income inequality, there is growing scepticism of its relevance as an economic club.

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The generally robust economic performance in China and India stands in contrast to disappointing results in Brazil, Russia and South Africa.

PRESIDENTS and prime ministers from the BRICS (Brazil, Russia, India, China, and South Africa) meet from Wednesday to Thursday in Brasilia for the group's annual summit. The bloc was originally formed for its economic potential, yet it has also seen political cooperation rise to the fore in...

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