3. BRICS stands for Brazil, Russia, India, China and
South Africa
Came into existence in 2001 as BRIC nation
BRICS is the international political organization of
leading emerging economies.
BRICS as a group, accounts for 40% of labour force
4. The BRIC became a mechanism through which the
countries can exchange opinions, seek convergence,
identify areas of cooperation and influence the
international agenda.
Officially it was admitted as a BRIC nation on 24
December 2010
With the entrance of South Africa, at the 3rd BRIC
Summit, in April 2011, the BRIC became BRICS.
4
5. Vast Land Area
Developing Economies
Friendly Trade Relations
Challenges Related To Economic And Social Integration
Desire To Make The International Order More Representative
Possibility Of Cooperation In Many Areas
6. To achieve regional development
To remove trade barriers
Economic development
Improve the professional development and education of countries.
Making these countries getting closer to others to obtain the
comparative advantages of these countries.
Optimum use of resources
Building relationship
7.
8. Fastest growing economies in the last centuries
Extremely rich in resources such as coffee, sugarcane,
crude oil and iron etc.
Focus on equitable development has resulted in significant
poverty reduction.
Textiles, chemicals , iron ore , steel and motor vehicles
industries.
31% of people in middle income group.
Brazil today is the most popular of the BRICS so far as
foreign direct investment is concerned
9. Russia has capability in high-technology sectors
Accounts for around 20% of the world’s oil and gas
reserves
Consumer market of over 140 million people
68% of people comes under middle income group
Highly educated workforce
Third largest exporter of steel and aluminium
10. 1.2 billion people
2nd largest labour force
Holds second place followed by China in BRICS
Democratic country
11. Fastest growing economy
Third largest country in land size
Biggest of all BRIC nations - GDP wise
13% of people comes under middle income group
Holds more than $3 trillion forex reserves.
Largest exporter/ importer for 32 and 34 countries
respectively.
Cheap labour work force
12. The South African economy is now the 23rd largest in the
world
Inflation is below 6.6% and falling.
25% of goods produced in South Africa are for export
Richest in terms of its mineral reserves.
13.
14. 0
1000
2000
3000
4000
5000
6000
7000
8000
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GDPatCurrentPrices
Billions
Brazil China India Russian Federation South Africa
16. Brazil
Development of new oil fields and refineries in
order to increase production capacity in Brazil.
Improved efficiency of agricultural output
Russia
Treasury bonds
Large sporting events.
India
• Access to affordable drugs to global countries.
17. China
Recent reforms by the China securities and regulatory
Commission (CSRC) has sought to bolster investor
confidence.
600 million citizen have been lifted out of poverty in
China.
China’s state owned enterprise produced over 50% of its
goods and services and employed over half of the
nation labour force.
South Africa
Invested Rs.300 bn in expanding Its Railway, Ports and
fuel pipelines.
10% of the world’s oil reserves, 40 % of gold ore and
95% of platinum
20. Source based on UN COMTRADE and http://wits.worldbank.org/wits/
21.
22. To support growth on the continent, notably during the
financial crisis
South Africa’s financial market development and
sophistication
The World Economic Forum’s 2011/12 Global
Competitiveness Index displayed a high level of
confidence in South Africa’s financial market
development, ranking the country in fourth place globally
on this measure.
23. Headquarters : Shanghai, China
President : K.V. Kamath
The New Development Bank (NDB) is a multilateral
development bank operated by the BRICS states as an
alternative to the existing US-dominated World Bank
and International Monetary Fund
The bank is set up to foster greater financial and
development cooperation among the five emerging markets
The bank's primary focus is lending to infrastructure projects
24. India is also expected to grow faster than China after
2020
Rising incomes in the BRICS nations will create a
new middle consumer class
Featured as- “Roadmap For Contribution”
Important drivers for growth in the global economy.
Expansion of their consumer markets and the rise of
multinational companies
25. Sustainable solution for inclusive growth
Broadening multi-dimensional co-operation
Mutual Trade and Investment
Contingent Reserve Arrangement
Export Credit & Guarantee Agencies
Significant Role in International Affairs
Trade in local currency
26. Dependenc
y on oil
Corruption
Industrial
output is weak
Inefficient
Judicial System
Illiteracy
Lack of
Infrastructure
High Inflation
Economic
disparity
48%
population
below poverty
line
Lack of skill
sets,
particularly in
IT
27. It is possible that China could become as big as the US by 2027
India and Russia will individually be larger than Spain, Canada
or Italy by 2020
By 2025 BRICS will be over half the size of the G7
Long-term projections BRICS could account for almost 50% of
global equity markets by 2050