ROLE OF “BRIC”

COUNTRIES IN WORLD
ECONOMIC DEVELOPMENT

Presented by
Abhinav Gupta
COUNTRIES & THEIR HEADS


  Brazil
President (head of state and government):  Luiz Inácio

Lula da Silva


  Russia
President (head of state):  Dmitry Medvedev

Prime Minister (head of government):  Vladimir Putin

  India
President (head of state):  Pratibha Patil

Prime Minister (head of government):  Manmohan Singh

  China
President (head of state):  Hu Jintao
 INTRODUCTION
 Constitutes a group of G-8
plus 5.
 Great economic powerhouse of
the world.
 Account for more than a 25 %
of the world’s land area &
more than 40 % of the
world’s population.
 Combined GDP (PPP) of 15.435
trillion dollars.
 Biggest and fastest growing
 BRAZIL
 GDP of 1.994 trillion
dollars.
 Huge reserves of
minerals, ores, raw
materials.
 FOREX reserve of
235.7 billion dollars.
 Exports amount to
197.9 billion dollars
(2008).
São Paulo, 
 Main industries are Brazil
textiles, chemicals,
iron ore, automotive
 RUSSIA
 GDP of 2.076 trillion
dollars.
 Huge reserves of oil &
natural gas, coal
mines.
 FOREX reserve of
341.7 billion dollars.
 Exports amount to 476
billion dollars (2008).
 Main industries are Moscow, Russia
defense, mining,
construction,
 INDIA
 GDP of 1.209 trillion
dollars.
 Best IT software
services industry
around the world.
 FOREX reserve of
285.5 billion dollars.
 Exports amount to
175.7 billion dollars
(2008).
 Main industries are Mumbai, 
steel, textiles, food India

processing, cement,
 CHINA
 GDP of 4.32 trillion
dollars.
 Biggest giant of
manufacturing goods
& services around
the world.
 FOREX reserve of 2273
billion dollars.
 Exports amount to
1430 billion dollars
(2008).
Shanghai, China
 Main industries are
automobiles,
electronic equipments,
GLOBAL GIANTS
BRIC IN FUTURE
 BRIC SUMMIT
TALKS
ON the
 Improving current
global economic
situation.
 How the four
countries can work
together in the
future. Leaders at the 1st BRIC
summit on 16 June,2009 in
 Push to reform Yekaterinburg, Russia. From
financial institutions. left are: President Luiz
Inácio Lula da Silva of
 Need for a new global Brazil ; PresidentDmitry
Medvedev of Russia;
President Hu Jintao of
reserve currency China, and Prime Minister 
that is ‘diversified, Manmohan Singh of India
EMERGING MARKETS
OPPORTUNITIES
 High growth rates.
 Increased foreign direct investments.
 Huge investments in infrastructure.
 Huge middle class boosting
demand.
 Abundant supply of educated cheap
workforce.
 High potential for outsourcing work
specially India.
 CONCLUSION
1)The BRIC’s are likely to maintain their
comparative cost advantages in the
long run.
2)This will help to ensure relatively high
growth rates & therefore increasing
share of these economies in the
world market.
3)But the sustainability of high growth
will depend on the several crucial
factors :
d) sound and stable macroeconomic & development
policies.
e) development of strong & capable institutions
TH A N X !!