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Comparative Analysis of BRIC countries

Comparative Analysis of BRIC countries

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Published by: animesh_arya on Jun 13, 2010
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STUDY OF BALANCE OF PAYMENT OF BRIC COUNTRIES

2010

Project Report
Study of Balance Of Paymnet of BRIC countries.
Under the supervision of Dr. A.K Saini

Project Report - VIth Trimester

Submitted By Animesh Kumar Arya Roll No – 0241668908 Guru Gobind Singh Indraprastha University New Delhi

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STUDY OF BALANCE OF PAYMENT OF BRIC COUNTRIES

2010

Table of Contents
1. Executive Summary....................................................................................................... 3

Project Report - VIth Trimester

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STUDY OF BALANCE OF PAYMENT OF BRIC COUNTRIES

2010

1. Executive Summary
This project report analyses the Balance of Payment(BOP) for BRIC countries. Balance of Payment of a country is one of the important indicators for International trade, which significantly affect the economic policies of a government. Balance of Payments is a systematic and summary record of a country’s economic and financial transactions with the rest of the world over a period of time. Transactions in goods and services and income between an economy and the rest of the world. Changes of ownership and other changes in that country’s monetary gold, SDRs, and claims on and liabilities to the rest of the world, and Unrequited transfers and counterpart entries that are needed to balance, in the accounting sense, any entries for the foregoing transactions and changes which are not mutually offsetting. The study is motivated by the fact that by 2050 the economic potential of Brazil, Russia, India and China will surpass the economic potential of G6 countries (G7 including Canada). Another major aspect of this study is analyzing the Balance of Payments of various BRIC countries year wise and try to make a comparison of the growth path of these countries. The study will also provide an in-depth view of Balance of Trade for the BRIC countries and the components of Balance of Payment. The graphical comparison will be done on the basis of five years data for BOPs. Studying these last five years will also provide an insight on the situation of pre subprime crisis and during subprime crisis time. This will provide an idea of Subprime impact on BRIC countries.

In the end , this report will be concluded by providing some strategies mainly for the growth of India, used effectively by other BRIC countries. The research methodology incorporated for this study is descriptive as well as graphical.
Page Project Report - VIth Trimester

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