THE PATH TO 2050

DREAMING WITH BRICS

Submitted To :-Department Of Bussiness AdministrationCdlu ,Sirsa

Submitted By:-Mr. Virender KumarMba 2.1Roll No.-15

BRICS 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. Discussed The Current Global Financial Crisis, Global

Development, And Further Strengthening Of The Brics

Group.

Issued A Joint Statement On Global Food Security,

Calling For "Action By All Governments And The

Relevant International Agencies“

Attacked the role of dollar as the primary international

currency & suggested new global reserve currency that is

'diversified, stable and predictable'.

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.

Cont.…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- BRIC summit held on India in 2016

Dreaming with BRICS: The Path to 2050

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.

Cont… BRICS could be larger economies than the united states and the

developed economies of Europe within 40 years.

China and India will become world’s dominant suppliers

manufactured goods and services

Brazil and Russia will become dominant suppliers raw materials.

BRAZIL :KEYADVANTAGES:

One of the fastest growing economies in the last 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

BRICS NATIONS FUTURE BANK

Bank name:- New Development Bank

Chairperson :-K. V. kamath(1st chairperson of the bank )

Head office:-Shanghai(china)

Establish:-2015

Cont.… BRICS nations are develop a joint bank within the

BRICS nations for assistant them self, And to meet the

following reasons: Growing emerging markets. Climate change, food and energy security. International economic exchange. Financial assistant. Populations control.

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.

Cont…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.

Conclusion

BRICS nations have the potential and the resources to form a

powerful economy with greater opportunity than any other nation.

THANK YOU