India to host BRICS summit in October

NEW DELHI (AFP) - India will host a summit of the emerging BRICS nations in October, New Delhi said Tuesday.

Leaders of the so-called BRICS nations - Brazil, Russia, India, China and South Africa - will meet in the western Indian state of Goa on October 15 and 16.

India last month took over chairmanship of the grouping, which represents 40 per cent of the world's population.

Leaders of the five countries agreed at their last summit in 2015 to set up a new $100 billion (S$136 billion) international bank, seen as an alternative to the World Bank.