What is the full form of BRIC?

BRIC stands for Brazil, Russia, India, and China. These countries, all major emerging markets, were grouped together in 2001 by Goldman Sachs economist Jim O’Neill, who initially referred to them as the ‘BRIC club’. The term gained widespread currency and was used to identify the economic potential and growth prospects of these countries.

BRIC countries have a combined population of more than 3 billion people and cover over a quarter of the world's land area. Their economies are characterized by high growth rates, rapid urbanization, and a shift towards consumer spending. Over the past decade, BRIC countries have become increasingly assertive on the global stage and have gained considerable political and economic influence.

BRIC is often used as a generic term to refer to emerging markets, and the term has expanded to include other countries such as South Africa. The group is sometimes referred to as BRICS, when South Africa is included, although some observers argue that it no longer holds the same significance.

The full form of BRIC is "Brazil, Russia, India, China". It is a grouping acronym referring to the developing countries of Brazil, Russia, India, and China, which are identified as rising economic powers.

The name has since been changed to BRICS after the addition of South Africa in 2010.

BRIC was originally identified for the purpose of highlighting investment opportunities and had not been a formal intergovernmental organization. However, in 2009, the leaders of the four countries met for the first time and agreed to establish a formal framework for cooperation.

The BRICS countries have a combined population of over 3 billion people and a combined GDP of over $20 trillion. They are also major producers of raw materials, such as oil, gas, and metals.

The BRICS countries have been working together to promote economic growth, trade, and investment. They have also been working to address issues such as climate change and poverty.