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BRICS
1.
2. In 2001, Goldman Sachs coined term
BRIC to describe 4 large developing
countries.
โข BRAZIL
โข RUSSIA
โข INDIA
โข CHINA
3. These 4 economies will
overtake the
G6(US,UK,Japan,Germany,
France & Italy) in terms of GDP
by 2050.
4. In 2010,South Africa joined BRIC.
The BRICS Forum;an international
organization encouraging
commercial,political and cultural co
operation between the BRICS nations
was formed in 2011.
5. ๏ To study the trends of GDP of BRIC
nations.
๏ To understand the growth of capital
markets of BRIC nation.
๏ To analyze the same in term of macro
stability.
*South Africa is not included as a late
entrant.
6. ๏ The study adopts descriptive approach to
carry out the research work and employs
secondary sources to collect data.
๏ The collected data is presented in tabular
form as well as percentages and explored
by calculating growth rate.
8. Year Brazil China Russia India
2010 7.53 10.43 4.34 8.03
2011 2.73 9.20 3.59 9.28
2012 0.92 7.76 3.73 7.16
2013f 3.72 8.39 3.95 6.66
2014f 3.99 8.47 4.12 6.76
2015f 3.99 8.48 4.08 6.86
9.
10. ๏ Capital markets of BRIC can collectively
increase interdependence and contagion
effects.
๏ The financial markets of BRIC are at
different stages of development which
help each other by coming together and
share experience.
11.
12. Ketan Vira
Associate Professor
GNVS Institute of Management Studies
GTB Nagar,MUM-400037.
E-mail id - ketanvira@rediffmail.com
Contact-+919870551111.