BRICS stands for Brazil, Russia, India, China and South Africa, the five major emerging economies. It was originally coined as BRIC in 2001 and South Africa joined in 2010. The organization aims to achieve regional development, remove trade barriers, and foster economic growth and cooperation between the nations. Each country brings different advantages - large populations, resources, economic growth, and more. Working together as BRICS provides opportunities for trade and relationships to address challenges like infrastructure, education, poverty and more.

1. By Sajal khandelwal

2. ABOUT BRICS
• BRICS stands for Brazil, Russia, China, and South
Africa, India
• Came into existence in 2001 as BRICS nation
• It includes the fastest growing and emerging
economics
• BRICS is the international political organization of
leading emerging economies. Its five members are
all developing industrialized countries
• The term BRICS was used for the first time in the
Goldman Sachs report 2003

3.  Jim O'Neill, chairman of Goldman Sachs
Asset Management, coined the BRIC
concept in 2001.

4. From BRIC’s to BRICS
 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 BRICS Summit, in April 2011, the
BRIC became BRICS, with capital "S".

5. • There was just one problem with the BRICs: no
African countries were included. This was a little
embarrassing. Overlooking Africa suggested that
the continent was an economic irrelevance, good
only for providing raw materials to the rest. It also
cast doubt on the group’s claim to speak for the
emerging world. Two African countries might
have been candidates, Nigeria and South Africa.
But only one would keep the acronym intact. And
so, in 2010, the club of BRICs became the
BRICS.

6. Objectives of BRICS
 To achieve regional development
 To remove trade barriers
 Economic development
 Optimum use of resources
 Building relationship
 Possibility Of Cooperation In Many Areas

7. ABOUT THE BRICS NATIONS
1. Brazil
2. India
3. China
4. South Africa
5. Russia

8. BRAZIL
KEY ADVANTAGES:
 One of the fastest growing economies in the last
centuries
 Brazilian economy becoming less dependent on
imports
 Extremely rich in resources such as coffee,
sugarcane, crude oil and iron etc.
 Focus on equitable development has resulted in
significant poverty reduction.

9. INDIA
KEY ADVANTAGES:
 1.15 billion people
 2nd largest labour force
 Approximately 2.5 million college graduates per year
CHALLENGES FOR THE FUTURE
 Improving basic educational achievement
 Improving infrastructure and electrical capacity
 Expanding technology industry

10. CHINA
KEY ADVANTAGES:
 Broad expansion of educational achievement
 Rapid economic growth
 Third largest country in land size
CHALLENGES FOR THE FUTURE
 support to rural areas and less-developed regions
 Bank of China sees inflation as a bigger risk
 Need to improve the investment

11. SOUTH AFRICA
KEY ADVANTAGES:
 The South African economy is now the 23rd largest in the
world
 Inflation is now below 5% and falling
 25% of goods produced in South Africa are for export
CHALLENGES FOR THE FUTURE
 The economy is growing but not fast enough
 Lack of skills, particularly in IT
 48% of the population is living below the poverty line

12. RUSSIA
KEY ADVANTAGES:
 Russia has capability in high-technology sectors
 Accounts for around 20% of the world’s oil and gas
reserves
 fall in the number of people living below the poverty line
CHALLENGES FOR THE FUTURE
 Labor shortages and poorly developed infrastructure
Corruption

13. Country population gdp
In US$
Gdp
Grow
th
rate
Foreign
exchang
e
reserve
Govt
Spend
ing
export Imports Liter
acy
rate
Life
expec
tancy
rate
Brazil
207,652,8
65
3,216.0
0.2% 362.744 846.6 189.7 143.9 92.6
%
75.0
Russia 143,964,5
13
3,938.0 1.1% 358.500 414.0 259.3 165.1 99.7
%
70.5
India
1,324,171,
354
9,489.3
7.2% 352.131 616.0 271.6 402.4
72% 68.3
China
1,403,500,
365
23,194.
4
6.5% 3,899.2
85
2,031
.0
2,011.
0
1,437.
0 96.4
%
76.1
South
Africa
56,015,47
3
761.9 1% 47.190 95.27 83.1 85.0
94.3
%
62.9

14. Trade between India, China & Rest
of BRICS

15.  Manufacturing, services and agriculture
 Energy, infrastructure, mining beneficiation
and healthcare
 Construction and water provision
 The green economy and tourism

16. • India is also expected to grow faster than China after
2020
• India- Characterized by a low share of consumption
and high savings
• 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
ADVANTAGES

17.  The BRICS were seen by Brazilian diplomats and
scholars as a useful mechanism to project Brazil
internationally in a rapidly changing global
landscape
 Lost speed and altitude over the past two years
Chances of Intra Trade Disputes are high
 Difficulties of articulating their conflicting interests
in some sort of common vision became more
evident
 Different viewpoints and influence in the
international arena.

19. THANK YOU…....