Established in August 1981, ICRIER is an autonomous, policy-oriented, not-for-profit, economic policy think tank. ICRIER's main focus is to enhance the knowledge content of policymaking by undertaking analytical research that is targeted at informing India's policy
makers and also at improving the interface with the global economy. ICRIER's office is located in the institutional complex of India Habitat Centre, New Delhi.
This ICRIER report proposes a vision for a progressive BRICS Development Bank and discusses some of the challenges that will have to be overcome to make a successful and effective BRICS Development Bank a reality.