Bric Countries Overview and developing business in the Bric Region

The Bric Region is made up of 4 counties Brazil, Russia, India and China and since the April summit in China South has been added to the Bric Group. The total GDP for the 4 Bric Countries is just under $ 11 Trillion Dollars which is just behind the US $13.3 Trillion Gross domestic product. With US Economy maturing and slowing then the future world growth looks towards the brick region and searching for partners in Bric countries. According to Goldman Sachs analysis, the future economic giants are countries such as Brazil , Russia, India and China and now with South Africa and its influence in whole African continent part of the Bric group then the size of the Bric economies will add up to more then the entire developed world's economies combined with 2050.

China
China is the worlds 2nd largest economy with a GDP of $ 5.87 Trillion which makes China the key country in the Bric group and makes China the largest trading Partner of Brazil, Russia and India. While other countries around the globe are trying to stimulate growth China is trying to gradually slow its economy down. What China wants is Sustainable growth and what that means is increasing domestic consumption and relying less on exports for future growth.

Russia  
In Russia, Oil and Gas propel Russia’s economic resurgence which accounts for 60% of Russia export revenues. As the price of Oil and Gas is at record highs this translates into a Hugh windfall for Russia. Last Year the Russian economy was worth $ 1.5 Trillion dollars which is six times more than it was a decade ago. The decency on Oil and Gas does have a down side because if and when energy prices fall then Russia's economy will feel the pinch. The Russian government has been putting a lot effort to diversify its economy and industries which have Hugh potential are Mining , Woodworking and Forestry, Arms, Metals and Metalworking, Automobile and Renewable.  

India
In India the economy will grow by 8 to 9% by the end of this year. In the past India has been seen as a small player but now it’s too big to ignore. The Indian Economy is worth over $ 1.3 Trillion and has become an attractive destination for foreign Investment. India is no longer just a large market but it’s also a major investor around the world and with purchase by Indian companies of Brands such as Jaguar, Land Rover, Tetley and Corus then Indian companies are creating waves around the world and has increased its growing clout on the world stage.

Brazil
Brazil in recent years has been growing in confidence and has a whole it has a greater sense of pride on the world stage. Brazil will host the 2014 World Cup and will also host the 2016 Olympics in Rio and these world events are seen as important symbols of Brazil's development on the world stage. Last year the GDP of Brazil was $ 2.2 Trillion dollars which was the seventh largest in the world. Brazil leads the world in the supply of major commodities such as Iron Ore and Timber. Brazil has one of the world’s most unequal societies on the earth and reducing the poverty gap is seen as one of the biggest challenges to overcome for Brazil to be an economic Powerhouse and a modern Stable Democracy’s

BricPartner holds all writes to this article and if you wish to use in whole and in parts then please contact info@BricPartner.com