The document discusses the BRICS nations (Brazil, Russia, India, China, South Africa) and their potential economic growth and development by 2050. It outlines key advantages and challenges for each BRICS country. By 2050, BRICS nations are expected to account for over 40% of the world's population and 60% of global GDP. The New Development Bank was established by BRICS nations in 2015 to provide financial assistance for development projects.

1. THE PATH TO 2050
DREAMING WITH BRICS
Submitted To :-
Department Of Bussiness Administration
Cdlu ,Sirsa
Submitted By:-
Mr. Virender Kumar
Mba 2.1
Roll No.-15

2. BRICS
 BRICS Stand For Brazil, Russia, India, China, South Africa.
 BRICS Came Into Existence In The Year 2001 As BRIC nations.
 BRICS Is International Political Organization Of
Leading Emerging Economies.
 Officially admitted as a BRIC nation on December 24, 2010

3. +
 South Africa has been asked to join the BRIC group of major
emerging markets.
 South Africa stands at a unique position to influence African
economic growth and investment .
 India wants to increase commercial ties with Africa.
 China is South Africa’s largest trading partner.

4. Objectives of BRICS
 To achieve regional development
 To remove trade barriers.
 Economic development.
 Optimum use of resources.
 Build up relationship

5. BRICS Summit
The BRIC Countries Met For Their First Official
Summit On 16 June 2009, In Yekaterinburg, Russia.
 Discussed The Current Global Financial Crisis, Global
Development, And Further Strengthening Of The Brics
Group.
 Issued A Joint Statement On Global Food Security,
Calling For "Action By All Governments And The
Relevant International Agencies“

6.  Attacked the role of dollar as the primary international
currency & suggested new global reserve currency that is
'diversified, stable and predictable'.
2nd
BRIC summit held on April 16, 2010 Brazil .
3rd
BRICS summit held on April 14, 2011 china.
4th
BRICS summit held on march 29,2012 India.

7. Cont.…
5th
BRIC summit held on 27 march 2013 in south Africa.
6th
BRIC summit held on 6 July 2014 in brazil.
7th
BRIC summit held on 10 July 2015 in Russia.
Main purpose of this summit open a New Development Bank and the BRICS
Contingent Reserve Arrangement and during the summit inaugural meetings of the
NDB were held, and it was announced it would be lending in local currency; and open
up membership to non-BRICS countries in the coming months
8th- BRIC summit held on India in 2016

8. Dreaming with BRICS:
The Path to 2050
Already BRICS accounts for:
40 per cent of the world's population,
25.9 per cent of its total geographic area,
40 per cent of global GDP
By 2050, BRICS countries expected to accounts for
over 40% of the world’s population and 60% of global
GDP.

9. Cont…
 BRICS could be larger economies than the united states and the
developed economies of Europe within 40 years.
 China and India will become world’s dominant suppliers
manufactured goods and services
 Brazil and Russia will become dominant suppliers raw materials.

10. BRAZIL :
KEYADVANTAGES:
One of the fastest growing economies in the last century.
Brazilian economy becoming less dependent on exports.
Extremely rich in resources such as coffee, sugarcane, iron , and crude oil etc.
Focus on equitable development has resulted in significant poverty reduction.
CHALLENGES FOR THE FUTURE:
Overburdened and ineffective judicial system.
Industrial output is weak.

11. 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.

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

13. 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

14. South Africa:
KEY ADVANTAGE:
 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:
 The economy is growing but not fast enough.
 Lack of skills, particularly in IT.
 48% of the population is living below the poverty line

15. BRICS NATIONS FUTURE BANK
 Bank name:- New Development Bank
 Chairperson :-K. V. kamath(1st
chairperson of the bank )
 Head office:-Shanghai(china)
 Establish:-2015

16. Cont.…
BRICS nations are develop a joint bank within the
BRICS nations for assistant them self, And to meet the
following reasons:
 Growing emerging markets.
 Climate change, food and energy security.
 International economic exchange.
 Financial assistant.
 Populations control.

17. SWOT Analysis
Strength of the BRICS nations:
 To use resources.
 Market opportunities.
 Economic developments.
Weakness of the BRICS nations:
 Population problem.
 lack of Infrastructure.
 Decreasing GDP growth rate.

18. Cont…
Opportunities of the BRICS nations
 To expand the market.
 Regional development.
 Monetary resources.
Threats of the BRICS nations
 Financial crises.
 Threats from other unions.
 Dollar role.

19. Conclusion
BRICS nations have the potential and the resources to form a powerful
economy with greater opportunity than any other nation.

20. THANK YOU