BRIC Nations, what are they and what can they do?

by Chirag on January 14, 2009

in Business

BRIC nations a.k.a – Brazil, Russia, India & China. [Update South Africa has recently joined BRIC nations]

These nations are also called as the emerging economies in the world. These countries are projected to be future mega power.

The acronym was coined by Jim O’Neill in a 2001 paper entitled “Building Better Global Economic BRICs”. The acronym has come into widespread use as a symbol of the shift in global economic power away from the developed G7 economies towards the developing world. It is estimated that BRIC economies will overtake G7 economies by 2027. [Source]

Stock Markets in these countries are emerging once and tend to give higher returns compared developed markets across the globe. Here are few figures from the global stock markets performance last year (2010) Russia & Indina markets outperformed all the markets around the globe. (Source)

Almost 2/3 of the world’s population thrives here. Here the population is huge and ROI in business context is fast. Between 2000 – 2005 BRIC nations contributed roughly 28% of the Global economic growth.

Check this presentation for more:

Just imagine the power of BRIC nations. In 2010 three Indians were named in the list of top 10 richest people in India by Forbes. 

Image source – Business Standard

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