• BRICS stand for Brazil, Russia, India, China, South Africa.

• BRICS came into existence in the Year 2001 as BRIC nations.

• BRICS is International political organization of leading  emerging economies.

• Officially admitted as a BRIC nation on December 24, 2010.

• South Africa has been asked to join the BRIC group of major emerging markets.

• South Africa stands at a unique position to influence African economic growth and investment .

• India wants to increase commercial ties with Africa.

• China is South Africa’s largest trading partner.

Objectives of BRICS

• To achieve regional development

• To remove trade barriers.• Economic development.• Optimum use of resources.• Build up relationship

BRICS Summit

• The BRIC Countries Met For Their First Official Summit On 16 June 2009, In Yekaterinburg, Russia.

• 2nd BRIC summit held on April 16, 2010 Brazil .• 3rd BRICS summit held on April 14, 2011 china.• 4th BRICS summit held on march 29,2012 India.• 5th BRIC summit held on 27 march 2013 in

south Africa.

• 6th BRIC summit held on 6 July 2014 in Brazil.• 7th BRIC summit held on 10 July 2015 in

Russia. • Main purpose of this summit open a New

Development Bank and the BRICS Contingent Reserve Arrangement and during the summit inaugural meetings of the NDB were held, and it was announced it would be lending in local currency; and open up membership to non-BRICS countries in the coming months.

• 8th- BRICS summit held in India in 2016.

Already BRICS accounts for:

• 40 per cent of the world's population,

• 25.9 per cent of its total geographic area,

• 40 per cent of global GDP • By 2050, BRICS countries expected

to accounts for over 40% of the world’s population and 60% of global GDP.

• China and India will become world’s dominant suppliers manufactured goods and services

• Brazil and Russia will become dominant suppliers raw materials.

BRAZILKEYADVANTAGES: • One of the fastest

growing economies in thelast century.

• Brazilian economy becoming less dependent on exports.

• Extremely rich in resources such as coffee,sugarcane, iron, and crude oil etc.

• Focus on equitable development has resulted in significant poverty reduction.

CHALLENGES FOR THE FUTURE:

• Overburdened and ineffective judicial system.

• Industrial output is weak.

RUSSIA

KEY ADVANTAGES:• 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.

CHALLENGES FOR THE FUTURE:• Labor shortages and poorly developed infrastructure.• Corruption.

INDIA KEY ADVANTAGES:• 1.15 billion people.• 2nd largest labor

force.• Approximately 2.5

million STUDENT graduates per year.

CHALLENGES FOR THE FUTURE:• Improving basic

educational achievement.• Improving infrastructure

and electrical capacity.

• Expanding technology industry

CHINA

KEY ADVANTAGES: • Broad expansion of

educational achievement.• Rapid economic

growth .• Third largest country

in land size.

CHALLENGES FOR THE FUTURE:

• Support to rural areas and less developed regions.

• Bank of China sees inflation as a bigger risk .

• Need to improve the investment.

South Africa KEY ADVANTAGE: • The South African

economy is now the 23rd largest in the world. • Inflation is now below

5% and falling. • 25% of goods produced

in South Africa are for export

CHALLENGES:• The economy is growing but not fast enough. • Lack of skills, particularly in IT. • 48% of the population is living below the poverty line

SWOT Analysis

Strength of the BRICS nations:

• To use resources. • Market opportunities.• Economic developments.

Weakness of the BRICS nations:

• Population problem.• lack of Infrastructure.• Decreasing GDP growth rate.

Opportunities of the BRICS nations:• To expand the market.• Regional development.• Monetary resources.

Threats of the BRICS nations: • Financial crises.• Threats from other unions.• Dollar role.

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