What is BRIC ? • An acronym for the economies of Brazil, Russia, India and Chinacombined. • The term was first prominently used in aGoldman Sachs reportfrom 2003 . • Speculation is that by 2050 these four economies would be wealthier than most of the current major economic powers.
Potential of BRIC Countries • Combined, currently account for more than a quarter of the world's land area and more than 40% of the world's population . • In 2025, it is calculated that the number of people in BRIC nations earning over $15,000 may reach over 200 million. • Rise of the new BRICs middle class.
Millions in the BRIC’s to enter Middle Class Income Bracket by 2020