Perspective on Economic Growth of BRIC Countries: A Case of Brazil and India

13 Pages Posted: 25 Feb 2009  

Naresh Kumar

CSIR - New Delhi - National Institute of Science, Technology & Development Studies (NISTADS)

Alina Fodea

affiliation not provided to SSRN

Date Written: February, 13 2009

Abstract

Global economy is under uncertainty due to recent meltdown of economic and industrial growth. Though process of globalisation has boosted economic growth resulting in the structural changes of the world economy. This has triggered rapid changes in developing economies and may predominantly contribute to global economic growth in the coming decade, though it has posed several challenges in countries such as Brazil, Russia, India and China. In spite of studies show that there may be a major shift in the global economic balance and it is argued that BRIC countries may emerge as a global economy in future. As a result, the current slowdown in the economy is a major concern of all countries. This phenomenon necessitates a broad analysis. Therefore, the purpose of this paper is to analysis various economic indicators such as GDP, GDP growth by sectors, import and export and FDI inflows of Brazilian and Indian economy using forecasting techniques. Based on analytical results future trends and potential of both the economies are discussed. Results demonstrate that both countries have a budding economic growth.

Keywords: BRIC, FDP, GDP, Industrial Growth, Growth model, India, Brazil

JEL Classification: C01

Suggested Citation

Kumar, Naresh and Fodea, Alina, Perspective on Economic Growth of BRIC Countries: A Case of Brazil and India (February, 13 2009). Available at SSRN: https://ssrn.com/abstract=1342255 or http://dx.doi.org/10.2139/ssrn.1342255

Naresh Kumar (Contact Author)

CSIR - New Delhi - National Institute of Science, Technology & Development Studies (NISTADS) ( email )

Pusa Gate
KS Krishnan Marg
New Delhi, 110012
India

Alina Fodea

affiliation not provided to SSRN ( email )

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