South Africa joins to make BRICS of BRIC: India finance minister

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    "Today South Africa has been formally inducted into the BRIC grouping. From now on it will be the BRICS and this will be a key south-south global forum," said Pranab Mukherjee, who was in Paris for talks with other finance ministers.

    "There will be a BRICS summit in April in China. That is the plan as of now," he added.