BRICS PPT

Presentation on

Submitted To:-

Pro.Poonam

Arora

Submitted By:-Chirag- 16

Damini-17

Darshil-18

FLOW OF PRESENTATION

Meaning of BRICs

Introduction

From BRIC to BRIC’S

Objectives of BRICS

BRICS Summit

Key advantages of country

Opportunities

BRICs national future bank

BRICs Dream

Conclusion

“In Economic, BRICS is an acronym that refers to

countries- Brazil, Russia, India, China and South

Africa”

BRICS

Jim O'Neill, global economist at Goldman Sachs.

Building Better Global Economic BRICS.

BRIC’s is a grouping acronym.

Each letter stands for a country

BRIC

Biggest and fastest growing emerging economies

BRIC was first prominently used in a Goldman Sachs

report from 2003

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

Objectives of BRICS

To achieve regional development

To remove trade barriers

Economic development

Optimum use of resources

Building relationship

BRICS Summit

first official summit on 16 June 2009, in

Yekaterinburg, Russia.

the current global financial crisis, global

development, and further strengthening

Issued a joint statement on global food security, calling for "action by all governments and the relevant international agencies“

2nd BRIC summit held on April 16, 2010 Brazil

3rd BRICS summit held on April 14, 2011 china

Cont..

The 4th BRICS Summit was

hosted in New Delhi on 29

March 2012 under the theme of

“BRICS Partnership for Global

Stability, Security and

Prosperity.”

South Africa’s President

Jacob Zama hosted the Fifth

BRICS Summit on 27 March

2013 in Durban under the

theme

KEY ADVANTAGE

BRAZIL

RUSSIA capability in high-technology sectors

20% of the world’s oil and gas reserves

fall in the number of people living below the poverty

line

Corruption

Labor shortages and poorly developed infrastructure

INDIA

1.20 billion people

2nd largest labor force

Improving basic educational achievement

Improving infrastructure and electrical capacity

Expanding technology industry

CHINABroad expansion of educational achievement

Rapid economic growth

Third largest country in land size

support to rural areas and less-developed regions

Bank of China sees inflation as a bigger risk

Need to improve the investment

South Africa

the 23rd largest in the world

Inflation is now below 5% and falling.

The economy is growing but not fast enough

Lack of skills, particularly in IT.

48% of the population is living below the poverty

line

Opportunities

Inclusive growth

BRICS economies could become a much larger force in the

world economy.

The BRICS real exchange rates could appreciate by up to

300% over the next 50 years

BRICS maintain policies and develop institutions that are

supportive of growth.

Cont..Growing emerging markets

Climate change, food and

energy security,

International economic

exchange

Financial assistant.

Populations control

BRICs Dream

http://www.youtube.com/watch?v=fOdcQ3em

yzM

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.

Cont..

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

The BRICS are becoming super powers. Whether they would surpass the expectations lying on them is something that we can only speculate on. But it is no doubt, that they have become more important today than before more rests on their growth rather than on the growth of the previously bigger powers of the world.