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BRICS

BRAZILRUSSIAINDIACHINA

&SOUTH AFRICA BY:

SANJEET REDDYROLL- PGDM12084

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HISTORY

An acronym for the economies of Brazil, Russia, India and China combined. The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.

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BRICS summits

SUMMIT PARTICIPANTS DATE HOST

COUNTRYHOST LEADER LOCATION

1st BRIC June 16, 2009 RUSSIA

Dmitry Medvedev

Yekaterinburg

2nd BRIC April 16, 2010 BRAZIL

Luiz Inácio Lula da Silva Brasília

3rd BRICS April 14, 2011 CHINA Hu Jintao Sanya

4th BRICS March 29, 2012 INDIA

Manmohan Singh New Delhi

5th BRICS March 26–27, 2013

SOUTH AFRICA

Jacob Zuma Durban

sources:http/wekipeda

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Member countries

MEMBER LEADER FINANCE MINISTER

CENTRAL BANK GOVERNOR

2012 NOMINAL GDP(OVERALL • PER CAPITA)$US[1]

2011 HDI[24]

BRAZIL President Dilma Rousseff

Minister of Finance

Guido Mantega

Alexandre Tombini

2,425 billion 12,339 0.718

RUSSIA President Vladimir Putin

Minister of Finance

Anton Siluanov

Sergey Mikhaylovich Ignatyev

1,953 billion 13,764 0.755

INDIA Prime Minister

Manmohan Singh

Minister of Finance

P. Chidambaram

Duvvuri Subbarao

1,946 billion 1,591 0.547

CHINA President Hu Jintao Minister of Finance

Xie Xuren Zhou Xiaochuan

8,250 billion 6,094 0.687

SOUTH AFRICA

President Jacob Zuma Minister of Finance

Pravin Gordhan Gill Marcus 390 billion 7,635 0.619

Sources by http/wekipedia

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• 1st BRIC SUMMIT June 16, 2009: 1st Summit of Heads of State and Government, in Yekaterinburg.

• 2nd BRIC summit April 15th, 2010, in Brasília

• 3rd BRIC summit April 14th, 2011, in Sanya, China

• 4rth BRICS summit March 29th, 2012, in New Delhi, India

SUMMIT HELD FROM 2009 TO 2012

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