What is BRIC?
BRIC or BRICs are the acronym used to refer to the combination of the four biggest emerging-market countries: Brazil, Russia, India and China.
India Dreaming with BRICs: The Path to 2050
In 2003 Goldman Sachs (a leading global investment management firm) came up with a research report called “Dreaming with BRICs: The Path to 2050”.
According to Wikipedia BRIC (Brazil, Russia, India, and China) is a coalition of regional and superpowers reportedly proposed by Russian President Vladimir Putin.
The BRIC research findings:
If things go right, the firm’s economists argued that, given sound political decision-making and good luck, the BRIC economies together could become larger than those of the world’s six most developed countries in less than 40 years. i.e BRIC economies of Brazil, Russia, India and China together would be larger than G6 (G7 excluding Canada) in USD in less than 40 years. Of the current G6, only the US and Japan may be among the six largest economies in US dollar terms in 2050
The BRIC funds
Many mutual fund companies have come up with a type of fund called The BRIC funds, which invest primarily in the BRIC countries.
Source: BRIC research report
Huge market and cheap labor force matters.
hey i think we all should start investing in China and India!!
anyone else with me
is india losing their money fast
brasil, russia, india e china certamente seram sim as melhores potencias mundias sim, acredite quem quizer, o brasil está em alto crescimento social!!!e os outros paises tbm cmo todos do bric
brasil, russia, india e china certamente seram as maiores potencias mundias em 2050, pois o brasil e a china estão em alto crescimento economico social!!!
I’m from Brazil and I think in my mind that you can not take much into consideration because the economic crisis due to these calculations can not be certain because this is really far from the still and the world can change like Brazil become the largest the world economy in 2050 or India or even Russia I am Brazilian and I hope that Brazil is the largest global power more true if the calculations say that I would be very happy that Brazil would have the European standard of living that in Europe today. I hope here in Brazil too much for those countries dominate the world in a responsible manner and intelligence. My name is Giovanni and I have 15 years
12th July 2009.
All u r talking about brics that is right up to certain level but I m an indian i will be really proud of if india becomes the country like G6, but we should not forget that we should be concern about the standard of living of the people.In countries like BRICS rich people exploit the people .The rich becomes more richer and the poor becomes more poor in the couttries like BRICS .so we should divert the flow of money toward poor & middle class people up to certain level if we get success in that matter then and then we will be really developing & growing
I’M brazilian, i think brazil will be 5° economy in 2025, 4° 2050.
ya i do agree with Jaydeep… although our GDP is growing fast but at the same time , our per capita is not increasing with so much speed. Rich are getting richer and poor getting more poorer…
lol im reading this article for my civics class lol
well,guys i think that India don’t have to wait for 2050 it has already emerged out and has shown the economic potential.moreover ,according to the “Swis Bank” India has money of about 300,00000.0000000 Rs. if this money is returned in India then the India would be the richest economy , so our economy is already the biggest and richest. we need not to worry. thankyou
Nitin………..,we really dont need to worry,but what about the poor people in India,thier number has been rising in India.
India may be 2nd or 3rd largest economy in the world by 2050, but at the same time I think India is also going to have the largest number of poor as we have today…….. Dont you think so?
these total nations should be merged into a single country
it’s absolutely true that india will b one of d most powerful economy by 2050.but we see dat poverty nd troublesome conditions among ppl is increasing day by day.our pm said dat income is also incr. But dis don’t suit 4 poor ppl.if india really wants to get d peak of success den system will hav 2 muv wid dos ppl too bt not blindlessly.
Really appreciate the economic contributions and potentials of the BRICs but what are the effort of the BRICS to ensure that country like Nigeria with her population and mineral deposit become part of the World largest economy by 2050?