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BRIC is an acronym that refers to the countries of Brazil, Russia, India and China, which are all considered to be at a similar stage of newly advanced economic development.

BRIC Economy

• The collective strength of the BRIC economies (Brazil, Russia, India and China) is of ever increasing importance to the strength of the global economy.
• The BRICs are forecast to account for 37% of global growth in the period 2011-2016, with China alone contributing 22%. This will increase the BRIC share of global output from 19% to 23%.
• In 2012, Businesses in India had an expected revenue increase of 82%, ahead of Brazil (78%), China (74%) and Russia (43%). In terms of profitability, China leads the way with 61% of raise in profits in 2012, ahead of Brazil (60%), India (57%) and Russia (42%). Comparatively, the export prospects are far higher in India (36%) and China (28%) than in Brazil (16%) and Russia (6%).
• BRIC governments have been investing recently is the bidding for and hosting of major sporting events such as the Olympic Games and the FIFA World Cup.

BRIC Nations Main Industries

• Main industries include BRIC Diabetes Drugs Â鶹ԭ´´, Beer in the BRIC, Cereal Bars, Dental Floss, FABs in the BRIC, Oral Hygiene, Analgesics, Sugar Confectionary, Vodka, Facial Care, Women’s Wear, Footwear, Computer Hardware, Consumer Electronics, Apparel Retails, Oil & Gas, Renewable Energy, Agricultural Products, Insurance, Residential Construction, Industrial Construction, OTC Healthcare, Electricity, etc.
• Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the metals & mining industry and had a total market value of $1,776.4 billion in 2011. China was the fastest growing country with a CAGR of 19.3% over the 2007-2011 periods.
• Among the metals & mining industry in BRIC nations, China is the leading country with market revenues of $1,411.4 billion in 2011.
• China is expected to lead the metals & mining industry in the BRIC nations with a value of $2,632.1 billion in 2016, followed by India, Russia, and Brazil with expected values of $255.8, $244.4 and $86.9 billion, respectively.

Latest Developments in BRIC Countries

• The BRIC countries are fastest growing countries within the software industry and had a total market value of $25.2 billion in 2011. India was the fastest growing country with a CAGR of 19.3% over the 2007-2011 periods. China is the leading country among the BRIC nations with market revenues of $14.6 billion in 2011.
• China is expected to lead the software industry in the BRIC nations with a value of $28.5 billion in 2016, followed by Russia, India, and Brazil with expected values of $6.3, $6.1 and $5.1 billion, respectively.

MNCs and Other Big Companies Operating in BRIC Countries

Some of the highest valued companies from Brazil, Russia, India and China – which is also called as BRIC group of emerging economic powers include:

BRAZIL: Azul, Petrobras, Embrapa etc.

RUSSIA: Kaspersky Lab, ABBYY, Rosnano etc.

INDIA: Infosys, Tata Motors, Reliance Industries, HCL Ìýetc

CHINA: Dawning Information Industry, Huawei, ZTE etc.Ìý

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