its a brief introduction about BRICS .

1. PRESENTED BY:
Akanksha Sharma
Akansha Bhargava
Anushka Kapoor
Apurva Somani
Avinash Sharma
Parul Pareek
Rituraj Singh
Shaifali Jain
Sonal Gupta
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2. REGIONAL ECONOMIC INTEGRATION
Agreements between group of countries within
a geographic region
To reduce & ultimately remove the tariff and
non- tariff barriers
to the free flow of the goods, Services and
Factors of production between each other
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3. ABOUT BRICS
 BRICS stands for Brazil, Russia, India, China, and
South Africa.
 Jim O'Neill, chairman of Goldman Sachs Asset
Management, coined the BRIC concept in 2001.
 BRICS is the international political organization of
leading emerging economies.
 With the entrance of South Africa, at the 3rd BRIC’s
Summit, in April 2011, the BRIC became BRICS, with
capital "S".
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4. ABOUT BRICS FORUM
 The BRICS Forum was 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.
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5. FOCUS OF BRICS FORUM
 To establish a development bank to balance the influence of the
World Bank and IMF, as well as creating a joint foreign exchange
reserve.
 Business
 Competitiveness
 Governance & Leadership
 Science & Technology
 Poverty
 Private Sector & Prevention of Corruption
 Investment Landscape
 Innovation in building Infrastructure
 Trade
 Healthcare 5

6. BRAZIL
 10th fastest growing 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
poverty reduction.
 Textiles, chemicals , iron ore , steel and motor vehicles
industries.
 Brazil today is the most popular of the BRICs so far as foreign
direct investment is concerned.
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7. RUSSIA
 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.
 Consumer market of over 140 million people.
 68% of people comes under middle income group.
 Highly educated workforce.
 Third largest exporter of steel and aluminium
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8. INDIA
 1.2 billion people
 2nd largest labour force
 Holds second place followed by China in BRICS
 Democratic country.
 Broad knowledge economy.
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9. CHINA
 18Th fastest growing economy.
 Third largest country in land size.
 Biggest of all BRIC nations GDP wise.
 13% of people comes under middle income group..
 Holds more than $3 trillion forex reserves.
 Largest exporter/ importer for 32 and 34 countries respectively.
 Cheap labour work force 9

10. SOUTH AFRICA
 The South African economy is now the 23rd largest in the world
 Inflation is below 6.6% and falling.
 25% of goods produced in South Africa are for export
 Richest in terms of its mineral reserves.
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11. POTENTIAL MEMBERS
Indonesia, Turkey, Mexico and Germany have
been mentioned as candidates for full
membership of the BRICS,
while
Egypt, Argentina, Iran, Nigeria, Syria and
most recently Bangladesh have expressed
interest in joining BRICS
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12. SOME OF THE RECENT NEWS HEADLINES:
 BRICS Finance Ministers meet held in Washington.
 China becomes 1st foreign customer of Russian advanced
defense system.
 China exports slump indicates slowing global growth.
 Russia launches official website for the Ufa Summit,
April 1, 2015
 India to buy 36 French-made Rafale jets
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13. FEW FACTS ABOUT THE BRICS
•The BRICS countries make up 21 percent of global GDP. They have
increased their share of global GDP threefold in the past 15 years.
•The BRICS are home to 43 percent of the world's population.
•The BRICS countries have combined foreign reserves of an estimated
$4.4 trillion.
•Intra-BRICS trade flows reached $282 billion in 2012 and are
estimated to reach $500 billion by 2015. In 2002, it was $27.3 billion.
•IMF estimates of GDP per member in 2012, China $8.25 trillion, Brazil
$2.43 trillion, Russia and India at $1.95 trillion each, South Africa
$390.9 billion.
•Per capita GDP for 2012 was estimated at, China $6,094, Brazil
$12,340, Russia $13,765, India $1,592, South Africa $7,636
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14. SUMMITS
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16. TARGET SECTORS FOR BRICS TRADE
 Manufacturing, services and agriculture
 Energy, infrastructure, mining beneficiation and
healthcare
 Construction and water provision
 The green economy and tourism
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17. CHALLENGES
 Development of BRICS bank
 Reducing the rural/urban income gap
 Maintaining macroeconomic stability
 Inadequate Financial reforms
 Managing Supply Chain
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18. ADVANTAGES
 India is also expected to grow faster than China after 2020
 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.
 the establishment of a “positive multipolarity" in international
affairs
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19. DISADVANTAGES
 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.
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20. CONCLUSION
We believe the BRICS markets retain strong
characteristics that attract equity investors.
We can count here a strong economic growth,
favorable demographics, rich natural
resources, and strong finances.
The worries and uncertainty will likely continue
to create some angst in the global market,
But
we firmly believe that these markets should do
well in the long-term
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21. REFERENCES:
 http://www.bricsforum.org/
 http://en.wikipedia.org/wiki/BRICS
 http://www.brics-info.org/
 http://www.slideshare.net/
 http://www.crisil.com/
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22. THANK
YOU
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