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