A

PRESENTATION
ON

PRESENTED TO : PRESENTED BY :
Dr. Nipur Singh Ayushi Sharma
MCA-1 sem
 Introduction : BRIC
• In 2001,James O’Neill ,global
economist at Goldman Sachs,
“Building Better Global Economic
BRICs”.
• The BRICs acronym in the title
referred to
- Brazil
- Russia
- India
- China
• Goldman Sachs argues that the
economic potential of BRICs is such
that they could become among the
four most dominant economies by the
year 2050.
Objectives of BRICS
• To achieve regional
development.
• To remove trade barriers.
• Economic development.
• Optimum use of
resources.
• Build up relationship.
BRICS Summit
1st BRICS Summit
• On 16 June 2009, in
Yekaterinburg , Russia.
• Discussed the current global
financial crises, global
development,and further
strengthening of the BRICs
group.
• “ Action by all governments
and the relevant
International Agencies”.
2nd BRICS Summit
• On 15th April,2010 in Brazil.
• South Africa was invited as
guest by China to join the
BRIC group.
• Name change from BRIC to
BRICS.
• Summit follows Washington
Nuclear Summit.
3rd BRICS Summit
• On 14 April ,2011, in China ,
the BRIC become BRICS
with capital “S” standing
for South Africa.
• Hosted by President of
China Mr. Hu Jintao
on“Broad Vision , Shared
Prosperity”.
• “The 21st century should be
marked by Peace ,
Harmony , & scientific
development”.
• China is South Africa’s
largest trading partner.
4th BRICS Summit
• On 29th March , 2012 in
INDIA.
• Hosted by Mr. Manmohan
Singh.
• Attended by five member
states Brazil, Russia, India,
China, & South Africa.
• “Global stability, Security
& Prosperity”
5th BRICS Summit
• On 26 March 2013 , in
South Africa.
• Hosted by Jacob Zuma.
• Discussed about the
creation of Development
Bank.
• Completed 1st cycle of
BRICS.
6th BRICS Summit

• On 14 July ,2014 , in
Brazil.
• BRICS New
Development Bank
agreement was signed.
7th BRICS Summit
• On 9 July 2015, in Russia.
• Hosted by Vladimir Putin.
• Joint summit with SCO-
EEU.
8th BRICS Summit
• On 15 October,2016 , in
INDIA’
• Hosted by Indian Prime
Minister Mr. Narendra
Damodar Das Modi.
• “Building Responsive ,
Inclusive and Collective
Solutions”.
• BIMSTEC member
countries were invited.
9th BRICS Summit
• On 4th september 2017,at
Xiamen international
conference centre , in China.
• Hosted by President Xi Jinping.
• “Stronger Partnership for
Better Future”.
• BRICS leaders adopted Xiamen
Declaration.
 Key Advantages of
Country
BRAZIL
207.7 millon people.
Fastest growing economies.
Less development on exports
Extremely rich in resources.
Industrial output is weak.
 RUSSIA
144.3 millon people.
Capabality in high-technology sectors.
20% of the oil and gas reserves.
Fall in the number of the people living
below the poverty line.
Labur shortages and poorly developed
infrastructure.
 INDIA
1.324 billon people.
2nd largest labour force.
Improving basic educational achievement.
Improving infrastructure and electrical
capacity.
Expanding technology industry.
 CHINA
1.379 billon people.
Broad expansion of educational
achievements.
Rapid economic growth.
3rd largest country in land size.
Need to improve the investment.
 SOUTH AFRICA
55.91 million people.
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
 BRICS economies could become a much larger
force in the world economy.
 The BRICS real exchange rates could appreciate
by upto 300% over the next 50 years.
 BRICS maintain policies and develop institutions
that are supportive of growth.
 BRICS nations are going to develop a joint bank
within the BRICS nations for assistant themself.
 Conclusion
BRICS is a powerful summit…..all 5 nations
contribute immensely to world’s
economy…business , trade , agriculture ,
production , missiles , nuclear inputs.
40% of world population.
China and India- suppliers of manufactured
goods and services.
Brazil and Russia- suppliers of raw materials.
 REFERENCE
• https://en.wikipedia.org/wiki/BRIC
• https://timesofindia.indiatimes.com/topic/BRI
CS
• brics2016.gov.in/content/innerpage/about-
usphp.php
• https://www.quora.com/How-has-India-
benefited-from-BRICS