BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. The BRICS members are all developing or newly industrialised countries.

1. BY:
Pragya
prgyaratan1@gmail
.com
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2.  BRICS stand for Brazil, Russia, India, China,
South Africa.
 BRICS is international political organization of
leading emerging economies its Five members are
all developing and newly industrialized countries.
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. OBJECTIVE OF BRICS NATIONS.
 To achieve regional development
 To remove trade barriers.
 Economic development.
 Optimum use of resources.
 Building relationship.
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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.  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.  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.  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 hav
e
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. 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.
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13. SUMMITS
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15. 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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16. CHALLENGES
 Development of BRICS bank
 Reducing the rural/urban income gap
 Maintaining macroeconomic stability
 Inadequate Financial reforms
 Managing Supply Chain
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17. 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 17

18. 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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19. 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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