BRICS Summit’s

1st BRIC summit 2nd BRIC 3rd BRICS 4th BRICS 5th BRICS 6th BRICS
summit summit summit summit summit

Location Yekaterinburg, Brasilia, Sanya, China New Delhi, Durban, State of

Russia Brazil Delhi South Africa Ceara, Brazil

Precede 2nd BRIC summit 3rd BRICS 4th BRICS 5th BRICS 6th BRICS 7th BRICS
summit summit summit summit summit

Start Date 16 June 2009 16 April 2010 14 April 2011 28 March 26 March 15 July 2014
2012 2013

Host Country Russia Brazil China India South Africa Brazil

Participants BRIC BRIC BRICS BRICS BRICS BRICS

City Yekaterinburg Brasilia Sanya New Delhi Durban Fortaleza,

Brasilia
 BRICS Summit’s
7th BRIC 8th BRIC 9th BRICS 10th BRICS 11th BRIC 12th BRICS
summit summit summit summit summit summit

Location Ufa, Russia Panaji, India Xiamen, Johannesbur Brazil Saint

China g, South Petersburg,
Africa Russia
Precede 8th BRIC summit 9th BRICS 10th BRICS 11th BRICS 12th BRICS
summit summit summit summit

Start Date 9 July 2015 16 October 3 September 25 July 2018 13 21 July 2020
2016 2017 November
2019
Host Country Russia India China South Africa Brazil Russia

Participants BRICS BRICS BRICS BRICS BRICS BRICS

City Ufa Benaulim Xiamen New Delhi Brasilia Saint

Petersburg
 Major Focus Of BRICS
• To establish a development bank to balance the influence of the World
Bank and IMF, as well as creating a joint foreign exchange reserve
• Governance & Leadership
• Science & Technology
• Poverty
• Private Sector & Prevention of Corruption
• Investment Landscape
• Innovation in building Infrastructure
• Trade
• Healthcare
 Recession & BRICS
• If the recession caused by the Covid – 19 pandemic continues over a
long period of time affects the economic growth of BRICS countries.

• As the developed world faces recession, BRICS growth is enviably set

to flow.

• According to the IMF, “The world’s economy is expected to rebound

with the growth of 5.4% in 2021.”
 Role of BRICS in the Global Economy
• It is predicted that the growth rate of the BRICS member states which is higher than
the global rate will lead to further increase in the share of the 5 countries.

• By 2030, it will exceed that of the USA and European countries combined reaching
37% of the global economy.

• The BRICS countries represent 19% of global exports, 16% of global imports, 19% of
incoming and almost the same amount of outgoing direct investment.

• The relative success in developing & coordinating new standards of finance regulation
is linked to BRICS.
Gross Domestic Product of the BRIC countries
from 2009 to 2021