Professional Documents
Culture Documents
Bric
Bric
v) Population : 2010 estimate141,927,297(9th)
vi) GDP : 2009 estimate - Total$2.109 trillion.
vii) Currency Real : Ruble (RUB)
C) INDIA : i) National Flag & EMBLEM:
v) Population : 2010 estimate1,338,612,968(1st)
vi) GDP : 2009 estimate - Total $9.712 trillion.
vii) Currency Real : Chinese yuan (renminbi)(¥) (CNY)
Defining Few Basic Terms
GDP: The gross domestic product (GDP) or gross
domestic income (GDI) is a measure of a country's
overall economic output. It is the market value of all final
goods and services made within the borders of a country
in a year.
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer spending, in a
nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports
minus total imports. (NX = Exports - Imports)
EXCHANGE RATE: In finance, the exchange
rates (also known as the foreign-exchange rate, forex
rate or FX rate) between two currencies specifies how
much one currency is worth in terms of the other. It is
the value of a foreign nation’s currency in terms of the
home nation’s currency.
In other words the Exchange Rate can be defined as
The price of one country's currency expressed in
another country's currency. In other words, the rate at
which one currency can be exchanged for another.
For example an exchange rate of 91 Japanese
yen (JPY, ¥) to the United States dollar (USD, $) means
that JPY 91 is worth the same as USD 1.
The foreign exchange market is one of the largest
markets in the world. By some estimates, about 3.2
trillion USD worth of currency changes hands every day.
ECONOMIC GROWTH RATE: One can define it
as : An increase in the capacity of an economy to
produce goods and services, compared from one period
of time to another OR we can say Economic growth is
the increase of per capita gross domestic product (GDP)
or other measure of aggregate income. It is often
measured as the rate of change in GDP. Economic
growth refers only to the quantity of goods and services
produced.
Economic growth can be either positive or negative.
Negative growth can be referred to by saying that the
economy is shrinking. Negative growth is associated
with economic recession and economic depression.
TRADE BALANCE : The balance of trade (or net
exports, sometimes symbolized as NX) is the difference
between the monetary value of exports and imports of
output in an economy over a certain period. It is the
relationship between a nation's imports and exports.
A positive or favorable balance of trade is known as
a trade surplus if it consists of exporting more than is
imported; a negative or unfavorable balance is referred
to as a trade deficit .
COMPARISON OF TRADE
BALANCE
COMPARISON OF EXCHANGE
RATE PERFORMANCE
COMPARISON OF GDP
COMPARISON OF OVERALL
OPPORTUNITIES IN BRIC
THANK YOU