Here is a snapshot of the five BRICS nations and some of the challenges they face as their leaders gather in the beach resort state of Goa.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, asserts that economics should stay away from politics.
Henrique Meirelles, Brazilian finance minister, says that his country's economy is domestically driven and less dependent on the price of commodities than other countries.
Indian Prime Minister Narendra Modi told CNBC that he was willing to sacrifice political popularity in order to reform India.
The Fed will likely meet its U.S. inflation and employment goals soon and should consider quicker interest rate rises over time.
The next test for Brazilian politics is whether the new government can help revive the economy, says Adrienne Arsht Latin America Center's Andrea Murta.
The world's leading economies will step up efforts to lift global economic growth and share the benefits more broadly.
China's June consumer inflation grew at its slowest since January, while producer prices extended falls, reinforcing expectations for more stimulus.
VTB Chief Executive Andrey Kostin said the Russian bank's privatisation would probably take place in 2017 rather than this year.
Russia should be part of Europe in the mid-to-long term, the head of a leading Russian commercial bank told CNBC on Thursday.
Russia and the U.S. may have raced to land the first person on the Moon, but the next challenges lie deeper in space, the head of the Russian space agency says.
Foreign investors' perception of the Russian economy has improved, the Bank of Russia's governor told CNBC.
China must act quickly to address mounting corporate debt before it became a systemic problem, a senior IMF official said on Saturday.
Russia's central bank has cut its key interest rate by 0.5 percentage points to 10.5 percent.
Lord (Jim) O'Neill, chairman of the Review on Antimicrobial Resistance, says Brazil and Russia are "showing classic signs of the so-called commodities curse."
Fifty percent success rate? Jim O'Neill, who coined the term BRICs, says China and India are growing as well — or even better — than he famously forecast.
China's trade shrank in April in a sign government stimulus is failing to jolt the world's second-largest economy out of a prolonged slowdown.
The BRICS Brazil, Russia, India, China and South Africa - have had a roller-coaster ride this week after mixed news reports.
India's banks are not expanding credit growth and Narendra Modi's reform process is not happening quick enough, explains HSBC's Frederic Neumann.
China's economy isn't headed for a hard landing, China's top economic planner said on Sunday, but instability in the global economy does pose a risk.