Question & Answer: What are the BRIC countries? What factors influenced the evolution of the BRIC group of countries?…..

Brazil, Russia, India and China are the countries in BRICs. These are formed with an view to unite the emerging economies in the world of which India and China by 2050 are set to be the world’s dominant suppliers of manufactured goods.
These are formed in an attempt to identify the emerging economies in the world in all areas of the economy. While there has not been any formal agreement between the 4 nations nor there have been any trade agreements, the countries have attended summits together and have been performing exceedingly well over the past years.