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BRICS.ppt
- 1. Developed & Presented by Ak shat Giri
- 2. Introduction 2 I BRICS is an International Political Organization Of Leading Emerging Economies. Jim O'Neill, chairman of Goldman Sachs Asset Management, coined the BRI C concept in 2001. 1st inaugural Summit took place in Yekaterinburg, Russia on June 16, 2009 by 4 countries namely Brazil, Russia, India and China. With the entrance of South Africa , at the 3rd BRIC's Summit, in April 2011, the BRI C became BRI CS, with capital "S". South Africa stands at a unique position to influence African economic growth and investment. Currently the forum is working on building partnerships and collaborating with member state institutions.
- 3. BRIGS Focus on 3 New Development Bank is form ed on July Private Sector & Prevention of Corruption 2014 Investmen t Landscape Business Innovation in buildin g Infrastructure Competitiveness Trade Governance & Leadership Healthcare Science & Technology Poverty
- 4. Strengths of BRIGS 4 BRICS contributes to around 42 °/o of the worlds population . Have 25.9 o/o the worlds total geographic area. By 2050 , BRICS countries expected to accounts for over 42% of the world 's population and 60°/o of global GDP.
- 5. BRIGS Summit Summit Date Host Country Host Leader 1st 16 June 2009 RUSSIA Drnitry Medvedev 2nd 15 April 2010 BRAZIL Luiz Inacio Lula da Silva 3 rd 14 April 20 11 CHINA Hu Jintao 4th 29 March 2012 INDIA Manmohan Singh 5th 26-27 March 2013 SOUTH AFRICA Jacob Zuma Gth 14- 16 July 2014 BRAZIL Dilma Rousseff y th 8-9 July 2015 RUSSIA Vladirnir Putin 8th 15- 16 October 2016 INDIA Narendra Modi 9 th 3-5 Septem ber 2017 CHINA Xi Jinping lJ.IJ l l s
- 6. BRIGS Members 6 BRAZIL RUSSIA INDIA CHINA SOUTH AFRICA
- 7. Brazil 7 Brazil is the 5th largest country in the world by both land area and population . 10th fastest growin g economies in the last centuries. Extremely rich in resources such as coffee , sugarcane , crude oil and iron etc. Focus on equitable development has resulted in significant pove rty reduction. Textiles, chemicals , iron ore , steel and motor vehicles industries. Michel Temer
- 8. Russia Vladimir Putin 8 Russia has capability in high -technology sectors - Accounts for aroun d 20% of the world's oil and gas reserves . =Fall in the num ber of people living below the poverty line. =Consum er market of over 140 million people. _ 68° /o of people comes unde r middle income group. Highly educated workforce . - Third largest exporter of steel and aluminium
- 9. India 9 Narendra Modi =1.2 billion people _ 2nd largest labour force - Holds second place followed by China in BRICS =Democratic country. Broad k nowledge economy. R :C S
- 10. China 10 18Th fastest growing economy. Third largest country in land size. Biggest of all BRIC nations GDP wise. 13% of people comes und er midd le income group.. Holds more than $3 trillion forex reserves. Largest exporter/ importer for 32 and 34 countries respectively. Cheap labour work force Xi Jinping
- 11. South Africa 11 Jacob Zuma = The South African economy is now the 23rd largest in the world. _ Inflation is below 6.6% and falling. - 25°/o of goods produced in South Africa are for export = Richest in terms of its mine ral reserves.
- 12. New Development Bank 12 New Developmen t Bank 1 M u l t i l a t e r a l Development Bank by the BRICS nations. Officially established in 2015. 0 Formerly referred to as the BRICS Development Bank . Head quarters - Shanghai, China President - K.V. Karnath (1st President) First regional office - Johannesburg, South Africa. Aims to contribute to development plans established nationally through projects that are socially, environment tally and economically sustainable. Planning to give a priority to projects aimed at developing renewable energy sources.
- 13. - The name of the bank is believed to have been proposed by Indian Prime Minister Narendra Modi 13 Govt. of India Govt. of Madhya Pradesh Water supply and sanitation, rural development MP Water (India) $ 470 m - Project covers more than 3,400 villages and will benefit over 3 million rural population Madhya Pradesh (India) Govt. of India Govt. of Madhya Pradesh Upgrading major district roads $ 350 m Canara (India) Canara Bank( GOI) Sub-projects Renewable energy (wind, solar etc) $ 250 m - About 1,500 km of MDRs will be upgraded - 500 MW renewable energy - Avoided 815,000 t C02/ year
- 14. India and BRIGS 14 A brief discussion of the Doklam Standoff with China . India -Russia signed deals worth Rs. 39,000 crores across multiple sectors. Ind ia- Russia to carry out feasibility study for Nagpu r- Secundrabad passenger train. Talks to speed u p work on setting up of BRICS institutions. Role of China in su pporting Pakistan. T errorism
- 15. 15 Countries GDP 2017 Brazil 2,140.9 Bn 207,652,865 15,485 0.2% 92.6% 75.0 0.754 (high) 0.804 (very high) 0.624 (medium ) 0.738 (high) 0.666 (medium) Russia 1,560.7 Bn 143,964,513 27,466 1.1% 99.7% 70.5 I ndia 2,454.4 Bn 1,324,171,354 7,153 7.2% 72% 68.3 China 11,795.2 Bn 1,403,500,365 16,676 6.5% 96.4% 76.1 South 317.5 Bn Af rica 56,015,473 13,409 1% 94.3% 62.9 Average 3,653.7 Bn 19,041 3,2" 939' 70.56
- 16. BRIGS 2017 16 I I It was the g th International BRICS summit . n Took place on 3rd to Sth of September 20 17. 0 The summit was held in Xiamen , China . 0 Hosted by Xi JimPing , President of China. LJ 5 guests - Egypt, Mexico , Thailand , Tajikistan and Guinea. 0 Theme of the Summit was "Stronger Partnership for Brighter Future."
- 17. Declarations of BRIGS 2017 17 1 1 We strongly condemn terrorist attacks which results in death to innocent Afghan national. LJ We suppor t the effort of Afghan National Defence and Security forces in fighting to terrorist organisations. I I We deplore all terrorist attacks worldwide including the attacks in BRI CS nations. 1 1 We also strongly deplore the nuclear test conducted by Democratic People' s Repu blic of Korea (North Korea).
- 18. 18 Thank You