India IT Executive Report 2007

III. BRIC COMPARISON

Brazil, Russia, India and China (BRICs) have adjusted their political and economic systems to embrace service globalization. Due to the growth and investment in the BRIC markets, these nations have become increasingly important in the global economy. Between 2001 to 2006, the BRICs contributed roughly 55% of global growth in purchasing power parity terms and their share of the global trade is close to 15% which is double of what it used to be in 2001.

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