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The heatwave has taken a severe toll on India's poorest and those who have to work outdoors.
The Indian statistics department has started measuring the gross domestic product by including indirect taxes.
The Bank will have its headquarters in Shanghai, China.
Western countries have pulled out more than $3.5 trillion over the last 10 years.
Indian Meteorological Department forecasters have said the mercury will continue its upward trend in the next few days.
All the five members of BRICS are founding members of the AIIB as well.
Indian rapeseed meal tends to suffer from quality issues, but it is cheaper than both Canadian and domestic Chinese supplies.
South Africa has already announced the easing of visa restrictions for BRICS travelers.
The $100 billion BRICS Bank will base its only regional center in Johannesburg, South Africa.
Landlocked-Mongolia is of growing strategic interest to both Russia-China and the US.