The document discusses BRICS, an association of five major emerging economies: Brazil, Russia, India, China and South Africa. It provides background on BRICS, including its history beginning in 2001, annual summits that began in 2009, the addition of South Africa in 2010, and the establishment of financial structures like the New Development Bank in 2014. In summary, BRICS represents over 3.6 billion people and has a combined GDP of $16.6 trillion, and focuses on areas like infrastructure development, poverty reduction, and establishing independent financial institutions.

1. BRICS
Presented By
SOURAV DEEP SINGH
Roll no.:101508121

2. CONTENTS
• INTRODUCTION
• HISTORY
• SUMMITS
• ABOUT BRICS FORUM
• CHALLENGES
• ADVANTAGES
• DISADVANTAGES
• CONCLUSION

3. ABOUT BRICS
• BRICS is the acronym for Brazil, Russia, India,
China and South Africa.
• It is an association of five major emerging
national economies.
• They are distinguished by their large, fast growing
economies and significant influence on regional
and global affairs
• The five BRICS countries represent over 3.6 billion
people, or half of the world population.
• The five nations have a combined GDP of
US$16.6 trillion.
• Bilateral relations conducted on the basis of non-
interference, equality, and mutual benefit.

4. HISTORY
• The term "BRIC" was coined in 2001.
• It was coined by the then-chairman of
Goldman Sachs Asset Management, Jim
O'Neill.
• The foreign ministers of the initial four BRIC
states met in New York City in September
2006.
• A full-scale diplomatic meeting was held in
Yekaterinburg, Russia, on 16 June 2009.

5. FIRST BRIC SUMMIT
• The first formal summit was held in
Yekaterinburg on 16 June 2009.
• The summit's focus was on improving the
global economic situation and reforming
financial institutions.
• Discussed how the four countries could better
co-operate in the future.
• The BRIC nations announced the need for a
new global reserve currency.

6. ENTERY OF SOUTH AFRICA
• South Africa became a member nation on 24
December 2010.
• The group was renamed BRICS.
• In April 2011, the President of South Africa,
Jacob Zuma, attended the 2011 BRICS summit
in Sanya, China, as a full member.

7. SUMMITS
Summit Date Venue
1st 16-Jun-09 Yekaterinburg, Russia
2nd 15-Apr-10 Brasilia, Brazil
3rd 14-Apr-11 Sanya, China
4th 29-Mar-12 New Delhi, India
5th 26-27 Mar-13 Durban, South Africa
6th 14-16July-14 Fortaleza, Brazil
7th 8–9 July-15 Ufa, Russia
8th 15–16 OcT-16 Goa, India
9th 2017 Xiamen, China

8. ABOUT BRICS FORUM
• Formed in 2011.
• It is an independent international organization
that works for a structured social, economic
and environmentally sustainable BRICS block.
• Currently the forum is working on building
partnerships and collaborating with member
state institutions.

9. FOCUS OF BRICS FORUM
• To develop a development bank to balance the
influence of the World Bank and IMF
• Business
• Governance and leadership
• Science and technology
• Poverty
• Investment landscape
• To remove trade barriers
• Healthcare
• Innovation in building infrastructure

10. BRICS GROWTH

11. FINANCIAL STRUCTURE
NEW DEVELOPMENT BANK
• Treaty was signed in 2014 and became active in
2015.
• It is a multilateral development bank operated by
the BRICS states.
• Its focus will be on lending of up to $34 billion
annually for infrastructure projects.
• The bank will have starting capital of $50 billion,
with capital increased to $100 billion over time.
• The bank is headquartered in Shanghai, China.
• K. V. Kamath was appointed as the President of the
bank

12. Why BRICS need NDB?
• Growing emerging market.
• International economic growth.
• Financial assistant.
• Populations control.
• Climate change, food and energy security.

13. CHALLANGES
• Development of BRICS bank.
• Reduce the urban-rural income gap.
• Maintaining macroeconomic stability.
• Inadequate financial reform.
• Managing supply chain.
• Addressing gender inequalities.
• To remove trade barriers.
• Optimum use of resources.
• To achieve regional development.
• Building relationship.

14. ADVANTAGES
• Large population provides a large work force.
• Block foreign terrorists and blocking sources of
financing terrorism.
• Increase trade between the BRICS nations.
• Establishment independent financial institution.
• Rapid expansion of the middle class will boost the
economy.
• Less dependent on exports.
• Extremely rich in resources such as coffee, sugarcane,
iron and crude oil etc.

15. DISADVANTAGES
• Population problem.
• Lack of infrastructure.
• Decline in economy and population in Russia.
• On going conflicts with the neighboring
countries.
• Corruption.

16. TARGET SECTOR FOR BRICS TRADE
• Manufacturing, services and agriculture.
• Construction and water provision.
• The green economy and tourism.
• Energy, infrastructure, mining beneficiation.
• Increase healthcare.

17. CONCLUSION
• The BRICS have come together in a political
grouping in a way that has far exceeded most
expectations.
• Although BRICS cooperation has been
significant , intra –BRICS competition and
rivalry are important limits on how much
further BRICS cooperation can go.

18. THE END