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Two decades ago, the BRIC economies were projected to surpass the advanced G6 economies by the early 2030s. Today, the huge potential of the BRICs prevails, but the pace has slowed and country trajectories have diverged. China and India are on track, Brazil and Russia are not, thanks to geopolitics.
In the early 2000s, Goldman Sachs projected that the four largest emerging economies - Brazil, Russia, India and China, or the BRICs - would surpass the major advanced economies by the early 2030s.
When the first BRICS Summit took place in Yekaterinburg, Russia, in 2009,