INTERNATIONAL JOURNAL OF CONTEMPORARY RESEARCH (IJCR)
A COMPARATIVE STUDY OF ECONOMIC GROWTH IN BRICS COUNTRIES: ANALYSIS OF GDP, TRADE, INVESTMENT & DEVELOPMENT INDICATORS
E-ISSN: 9330-322X
P-ISSN: 8323-4458
DOI: https://iigdpublishers.com/article/1626
This research paper undertakes a comprehensive comparative analysis of economic growth trajectories among the five BRICS nations — Brazil, Russia, India, China, and South Africa — over the period 2014 to November 2022. Drawing on macroeconomic indicators including gross domestic product (GDP), GDP growth rates, GDP per capita, trade volumes, foreign direct investment (FDI), and key social development metrics, the study examines how each country has performed against global benchmarks and relative to one another. The findings indicate substantial heterogeneity in growth performance within the BRICS bloc. China and India have consistently outperformed the group, while Brazil and South Africa struggled with structural vulnerabilities, commodityprice dependence, and governance constraints. Russia's trajectory was materially disrupted by external sanctions and geopolitical events, particularly in 2022. The COVID-19 pandemic (2020) acted as a universal shock, followed by differentiated recovery speeds. Collectively, the BRICS nations expanded their share of global GDP from approximately 21.5% in 2015 to an estimated 31.5% by 2022, underscoring their growing systemic importance in the world economy. The paper further explores structural determinants of growth, including investment climates, human capital development, institutional quality, and regional integration dynamics. Policy implications and future growth prospects are discussed in the concluding sections.
Chiman Lal PhD
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