The leaders of the five most dynamic emerging economies are meeting in New Delhi for the fourth annual summit of the BRICS countries.

They are discussing issues concerning economics, finance and sustainable development on Wednesday and Thursday, and are expected to exchange views on how to improve global governance and international issues of mutual concern.

Initiated less than six years ago, the grouping of Brazil, Russia, India, China and South Africa has impressed the world with its vitality and growing influence, which has helped promote global development and the building of a multi-polar world.