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What does BRICS mean?

Looking for the meaning or definition of the word BRICS? Here's what it means.

Proper noun
  1. (politics) Brazil, Russia, India, China and South Africa
  2. (economics) The fast-growing economies of some of the above countries
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Examples
Besides, in recent weeks, India has been party to the setting up of a brics Bank, with Brazil, Russia, China, and South Africa.
Amorim captures the spirit of the time when he argues that the BRICS have contributed to keeping the global economy on track.
Russia accepted presidency of the BRICS group, taking over from Brazil earlier this month.
The BRICS Bank looks, for all its founding rhetoric, like a platform for Chinese hegemony instead.
The brics may have been the foundation for much of the global growth over the past few years.
The West sometimes risks, by its actions, pushing the brics closer together, but there are underlying divides there.

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