A Study on Selected Macroeconomic Variables of Brics Nations

Abstract

GDP growth rate is considered as one of the major factors influencing the economic growth of a country. This paper intents to identify the key macro-economic variables that influences the economic growth of a nation. The macro-economic variables which are considered for the study are GDP growth rate, inflation rate, real interest rate and real effective exchange rate. In this paper BRIC countries are considered for study. The study is done for a period of 10 years, that is from 2011 to 2020. BRICS stands for Brazil, Russia, India, China and South Africa. BRICS nations are combination of fastest growing economies of the world. The aim of this combination is to promote peace, security, cooperation and development among these nations. This study focusses on the performance of selected key economic variables of BRICS countries.