Brics: Presented by Ashwani Singh Aniket Gupta Ashika Daruka Bidisha Gupta Anjali Jari

Presented By
Ashwani Singh
BRICS Aniket Gupta
Ashika Daruka
Bidisha Gupta
Anjali Jari
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.
With the entrance of South Africa, at the 3rd BRICs Summit, in
April 2011, the BRIC became BRICS, with capital "S".
BRICS comprises 43% of the world population, having 30% of
the world GDP and 17% share in the world trade.
BRICS is the international political organization of leading
emerging economies.
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.
HISTORY
8 BRICS Summits have taken place so far. The 9th BRICS Summit
will be hosted by China in 2017 at Xi Jinping. The earlier Summits
were held as under :
8th BRICS Summit 15-16October in India(Goa)
7th BRICS Summit 8-9 July 2015 in Russia (Ufa)
6th BRICS Summit - 1416 July 2014 in Brazil (Fortaleza)
5th BRICS Summit - 2627 March 2013 in South Africa (Durban)
4th BRICS Summit - 29 March 2012 in India (New Delhi)
3rd BRICS Summit - 14 April 2011 in China (Sanya)
2nd BRIC Summit - 16 April 2010 in Brazil (Brasilia)
1st BRIC Summit - 16 June 2009 in Russia (Yekaterinburg)
Host Country India
Dates 15th & 16th October 2016
Venue Taj Exotica
Cities Benaulim, Goa
Participants - BRICS members
Chair Narendra Modi
REPRESENTATORS
Theme
India hosted the 8th BRICS Summit during its Chairmanship in 2016.
TTheme of India's BRICS Chairmanship was Building Responsive, Inclusive
and Collective Solutions.
During India's BRICS Chairmanship, 5-pronged topics were discussed :
Institution building to further deepen, sustain and institutionalise BRICS

Implementation of the decisions from previous Summits;
Integrating the existing cooperation mechanisms;
Innovation, i.e., new cooperation mechanisms on G2G, Track-II, B2B and
C2C to tap the full potential of BRICS cooperation; and
Continuity, i.e., continuation of mutually agreed existing BRICS
cooperation mechanisms.
Facts
BRICS is an association of leading emerging economies which are
Brazil, Russia, India, China and South Africa.
BRICS make up 40% of the world's population, 25% of the world's
landmass, and about 20% of global GDP.
They control some 43% of global foreign exchange reserves, and their
share keeps rising
For the five years ending in 2007, investors in the four original BRICs
earned an annualised 52 per cent return, compared with just 16% in the
G-7 markets,
During the 2008 financial crisis, BRICS came to the rescue when the
United States, Europe, and Japan collapsed due to their overspending,
fiscal imprudence. The BRICS' demand helped pull the global economy
out of its initial slump, says The Foreign Policy.
TARGET SECTORS FOR BRICS
TRADE
Manufacturing, services and agriculture
Energy, infrastructure, mining beneficiation and

healthcare
Construction and water provision
The green economy and tourism

9
Combined
challenges
Development of BRICS bank
Reducing the rural/urban income gap
Maintaining macroeconomic stability
Inadequate Financial reforms
Managing Supply Chain

10
Inter Challenges
Among
Brazil
Latin America's largest economy, at $1.35 trillion, is
forecast to contract about 3% this year after an equally
dismal 2015.
Unemployment and inflation are both hovering around
10%.
Some states including Rio de Janeiro are so broken they
haven't paid public workers for months.
Brazil's relies heavily on prices of oil, soy and other
commodities, which have plunged.
In Goa, Brazil is looking to boost business for its IT and
pharmaceutical industries, and to help its energy,
Russia
As tensions with the U.S. have escalated, Russia has
wooed China
Russia's courtship of China follows Western sanctions
and an oil price slump that hit its $1.13 trillion
economy hard.
Last year, Russia's GDP shrank 3.7% before stabilizing
as energy markets rebounded
The International Monetary Fund predicting a further
contraction of 0.8% this year and modest growth in
2017.
India also expressed annoyance with Russia's recent
India
India's $2.38 trillion economy is growing 7.5 percent
annually, fastest of the five countries.
But it also has the world's highest number of people in
poverty, with more than half of its 1.3 billion population
living on less than $3.10 a day.
expected to seek support for India against Pakistan's alleged
backing of separatist rebels in the conflict-ridden Himalayan
region of Kashmir
China is unlikely to support any statement criticizing its close
ally Pakistan.
So far one of the most precious asset for BRICS
China
China's economy is growing at its slowest pace in 25
years, but it is the world's second largest after the
U.S. at $11.4 trillion.
The other BRICS, already burdened by cheap Chinese
imports and huge trade deficits with Beijing, are
likely to balk
Chinese Foreign Minister Li Baodong this week called
that "One Belt, One Road" initiative a national
priority.
China may try to seek Indian support for the trade
route initiative in exchange for backing India's bid
to join the Nuclear Suppliers Group
South Africa
Its credit rating is hovering near junk status in recent
months
South Africa's stumbling economy is headed for more
trouble as the country's finance minister answers charges
of fraud and its currency remains unstable.
South Africa's economy, by far the smallest among the
BRICS, was estimated at $327 billion in 2015,
While unemployment among its population of 55 million
is at a daunting rate of about 23%
South Africa's vast mineral wealth makes it a valuable ally
to the other major developing nations.
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
Important drivers for growth in the global economy.
Expansion of their consumer markets and the rise of
multinational companies. 17
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.
18
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 19
References:
http://www.bricsforum.org/
http://en.wikipedia.org/wiki/BRICS
http://www.brics-info.org/
http://www.slideshare.net/
http://www.crisil.com/
20
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Presented By

It is an independent international organization that works for

Currently the forum is working on building partnerships and

Institution building to further deepen, sustain and institutionalise BRICS

Energy, infrastructure, mining beneficiation and

Construction and water provision

The green economy and tourism

Reducing the rural/urban income gap

Maintaining macroeconomic stability

Inadequate Financial reforms

Managing Supply Chain

Lost speed and altitude over the past two years

We believe the BRICS markets retain strong characteristics that

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