PRESENTED BY:

Akanksha Sharma
Akansha Bhargava
Anushka Kapoor
Apurva Somani
Avinash Sharma
Parul Pareek
Rituraj Singh
Shaifali Jain
Sonal Gupta
1
 REGIONAL ECONOMIC INTEGRATION

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

2
 ABOUT 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.

BRICS is the international political organization of

leading emerging economies.

With the entrance of South Africa, at the 3rd BRIC’s

Summit, in April 2011, the BRIC became BRICS, with
capital "S".
3
 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.
4
 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
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.
6
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

7
INDIA

 1.2 billion people

 2nd largest labour force

 Holds second place followed by China in BRICS

 Democratic country.

 Broad knowledge economy.

8
CHINA
 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.

9
 Cheap labour work force
SOUTH AFRICA

 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.

10
POTENTIAL MEMBERS

Indonesia, Turkey, Mexico and Germany have

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

11
SOME OF THE RECENT NEWS HEADLINES:

BRICS Finance Ministers meet held in Washington.

China becomes 1st foreign customer of Russian advanced

defense system.

China exports slump indicates slowing global growth.

Russia launches official website for the Ufa Summit,

April 1, 2015

India to buy 36 French-made Rafale jets

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.

•IMF estimates of GDP per member in 2012, China $8.25 trillion, Brazil
$2.43 trillion, Russia and India at $1.95 trillion each, SouthAfrica
$390.9 billion.

•Per capita GDP for 2012 was estimated at, China $6,094, Brazil
$12,340, Russia $13,765, India $1,592, South Africa $7,636
13
SUMMITS

14
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

16
 CHALLENGES
 Development of BRICS bank

 Reducing the rural/urban income gap

 Maintaining macroeconomic stability

 Inadequate Financial reforms

 Managing Supply Chain

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
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.

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
20
 REFERENCES:

http://www.bricsforum.org/
http://en.wikipedia.org/wiki/BRICS
http://www.brics-info.org/
http://www.slideshare.net/
http://www.crisil.com/

21
THANK
YOU
22