Brazil, Russia, India, China and South Africa on Thursday said it had invited six countries to join its ranks. The new countries invited are Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the United Arab Emirates. Brazilian President Luiz Inacio Lula da Silva praised other countries’ interest to join the bloc, adding it was testament to the relevance of its pursuit for a new world economic order. He said BRICS would remain “open to new candidates.” Leaders of the bloc’s five members hailed the decisions in statements following the announcement. what is your take on BRICS growth ?

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