Ignore group at your own risk: Expert

India hopes to work closely with Brazil, Russia and China to come up with collaborative measures to tackle the global financial crisis as leaders of the four countries prepare for their summit meeting in Yekaterinburg, Russia, later today.

Indian diplomats and experts also believe the four largest emerging economies, called BRIC (Brazil, Russia, India and China), will play an ever-increasing role in "more important issues" that pose challenges to the world.

"There is a very strong economic cooperation component which we hope will emerge from the discussions," Indian Foreign Secretary Shivshankar Menon said last Friday.