BRIC Consulting

 

BRIC Consulting

The BRIC countries are Brazil, Russia, India, China whose economic potential is such that they are expected to become among the six most dominant economies by the year 2050. This coalition will encompass over forty percent of the world's population (2.63 billion) and will surpass the combined GDP of the current G6 countries with 60%. China and India are predicted to be dominant in the field of manufacturing and in services while Brazil and Russia will become dominant countries in the supply of commodities (agriculture and minerals for Brazil, oil from Russia). Because these developments are expected to be a strong driver for the average annual income and related domestic consumption, the BRIC countries will develop into very important new markets for as well basic as higher price branded goods.

GDP development BRIC countries

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Source: GS. Global Economics Paper No. 99