SECTORAL ANALYSIS AND GROWTH DYNAMICS OF FOREIGN DIRECT INVESTMENT TRENDS IN BRICS ECONOMIES

BRICS, comprising the emerging economies of Brazil, Russia, India, China, and South Africa, has emerged as a preferred destination for foreign investment, as originally envisioned by Jim O'Neill of Goldman Sachs. Led by China and India, followed by South Africa, Brazil, and Russia, these nations attract significant Foreign Direct Investment (FDI) which supports their development projects and fuels economic growth. FDI, a form of long-term financing without debt, benefits both the country receiving the investment and the investor's home country. This study aims to examine the types of industries that attract FDI in BRICS countries and identify the main countries investing in them. It also analyzes how FDI has grown before and after the formation of BRICS. The study relies on data from official sources like the BRICS countries' websites, the United Nations, IMF, the World Bank, and the RBI. By analyzing this data, we gain insights into FDI patterns within BRICS nations. Understanding which industries receive the most FDI and how this has changed over time is vital for policymakers and investors. This research contributes valuable information for decision-making in these dynamic markets, helping to guide policies and investments for better economic development.