This presentation provides an overview of BRICS (Brazil, Russia, India, China, South Africa). It discusses the origins and meaning of the term, areas of focus, objectives, and history of BRICS summits. Financial contributions and a SWOT analysis are presented. Criticisms are outlined, and the future potential of BRICS as an economic bloc is discussed, with an expectation that BRICS countries will account for over 40% of global GDP by 2050.

1. A Presentation on….
BY:
SURANJAN JEET

2. FLOW OF PRESENTATION
 Introduction
 Meaning of BRICS
 From BRIC to BRIC’S
 Areas of Focus
 Objectives of BRICS
 BRICS Summit
 Financial Contributions
 SWOT Analysis
 Criticism
 Future of BRICS
 Conclusion

4. “In Economic, BRICS is an acronym that refers to
countries- Brazil, Russia, India, China and South
Africa”

5. BRICS
 Jim O'Neill, global economist at Goldman Sachs.
 Building Better Global Economic BRICS.
 Biggest and fastest growing emerging economies
 BRIC was first prominently used in a Goldman Sachs
report from 2003

6. FROM BRIC to BRIC’S
 South Africa has been formally asked to join the BRIC
group of major emerging markets
 Invited by China
 Officially admitted as a BRIC nation on December 24, 2010
 South Africa stands at a unique position to influence African
economic growth and investment
 China is South Africa’s largest trading partner
 India wants to increase commercial ties with Africa

7. AREAS OF FOCUS
• TRADE
• EDUCATION
• TECHNOLOGY
• ECONOMY
• PEACE AND SECURITY

8. Objectives of BRICS
 To achieve regional development
 To remove trade barriers
 Economic development
 Optimum use of resources
 Building relationship

9. BRICS Summit
First official summit on 16 June 2009, in
Yekaterinburg, Russia.
The current global financial crisis, global
development, and further strengthening
Seven Summits have held so far in various member
countries
Groupings are always held with member countries
taking turn to host.

10. The Fourth BRICS Summit was hosted in New Delhi on
29 March 2012 under the theme of “BRICS Partnership
for Global Stability, Security and Prosperity.” The
Summit has imparted further momentum to the BRICS
process of planning a joint development bank.

11. BRICS Summit (Contd.)
 This year in 2016, Summit in Goa (India)
8th summit

12. Financial contribution
 India has provided loans of more than
$200million to the African countries since 2009.
Š
 China has invested almost $4000 million as
foreign direct investment.
Š
 Russia too has contributed more than
$3000million as FDI
Š
 Brazil has invested around $4000 million in Africa.

13. SWOT Analysis
Strength of the BRICS nations
1- To use resources.
2-Market opportunities.
3-Economic developments.
Weakness of the BRICS nations
1- Population problem.
2- lack of Infrastructure.
3- Decreasing GDP growth rate.

14. Cont…
Opportunities of the BRICS nations
1- To expand the market.
2- Regional development.
3-Monetry resources.
Threats of the BRICS nations
1-Financial crises.
2- Threats from other unions.
3-dollar role

15. Criticism
 The BRICS dream isn’t green.
 Nothing more than a neat acronym for the five
largest emerging market economies.
 A criticism is that the BRICS projections are
based on the assumptions that resources are
limitless and endlessly available when needed

16. Cont….
BRICS doesn’t have a concrete and constructive
agenda for change or vision for a future world
order.
 China is the muscle of the group and the Chinese
know it. They have effective veto power over any
BRICS initiatives

17. Future of BRICS:
 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.

18. 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

19. 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- BRIC
competition and rivalry are important limits on how much further BRICS
cooperation can go.
BRICS nations have the potential and the resources to form a powerful
economy with greater opportunity than any other nation