Idea of BRICS

The BRICS members (Brazil, Russia, India, China and South Africa) are all developing and fastest growing economies. it represent almost 3 billion people which is  40% (as of 2014) of the world population.even if its member countries population are almost 40%(as of 2014) of the world population its combine nominal GDP is US $ 16.04 trillion which is 20% of world GDP. so that member countries are co-ordinate their affairs to gain greater economic growth.

US Dollar is the dominant world currency and so that over 65 % of the worlds nation keep their foreign reserves in US Dollar. so that Creation of the BRICS Bank (NDB) are likely to weaken dominace of US Dollar and creation of alternative international economic order.