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ABHIJIT BEURA-11002 ADIL LAKHANI-11003 

In economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India, and China that are deemed to all be at a similar stage of newly advanced economic development. The acronym was coined by Jim O'Neill in a 2001 paper entitled "The World Needs Better Economic BRICs³. The BRIC thesis posits that China and India will become the world's dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly dominant as suppliers of raw materials. Due to lower labor and production costs, many companies also cite BRIC as a source of foreign expansion opportunity. 

A) BRAZIL i) National Flag & EMBLEM:
: "Ordem e Progresso"(Portuguese) "Order and Progress´ iii) Location On Globe : iv) Capital : Brasília v) Area - Total 8,514,877 km2 (5th) 3,287,597 sq mi - Water (%)0.65 vi) Population : 2009 estimate192,272,890(5th) Density 22/km2 (182nd) 57/sq mi vii) GDP : 2009 estimate - Total$2.013 trillion. viii) Currency Real : (R$) (BRL)
ii) Motto 

B) RUSSIA :i) National Flag & EMBLEM:

Capital : Moscow iii) Area : Total17,075,400 km2(1st) 6,592,800 sq mi - Water (%)13
ii)

iv) Population : 2010 estimate141,927,297(9th) v) GDP : 2009 estimate - Total$2.109 trillion. vi) Currency Real : Ruble (RUB) 

C) INDIA : i) National Flag & EMBLEM: Motto :"Satyameva Jayate" (Sanskrit) (Devan gar ) "Truth Alone Triumphs iii) Location On Globe : iv) Capital : New Delhi v) Area - Total 3,287,240 km2 Â(7th) 1,269,210 sq mi - Water (%)9.56 vi) Population : 2010 Estimate 1,185,736,000(2nd) vii) GDP : 2009 estimate - $3.526 trillion. viii) Currency Real : Indian rupee ( ) (INR)
ii) 

D) CHINA :i) National Flag & EMBLEM: On Globe : iii) Capital : Beijing iv) Area - Total 9,671,018 km²(3rd/4th) 3,704,427 sq mi - Water (%)2.8
ii) Location

: 2010 estimate1,338,612,968(1st) vi) GDP : 2009 estimate - Total $9.712 trillion. vii) Currency Real : Chinese yuan (¥) (CNY)
v) Population

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

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G

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I

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NX 

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.   

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 .

TRADE BALANCE

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