BRICs report 2021 From BRICS

The following is the BRICs report 2021 From BRICS recommended by recordtrend.com. And this article belongs to the classification: Investment & Economy, research report.
BRICs released the “BRICs report 2021”. Statistics show that India lags behind other BRICs countries in many social and economic parameters, including health, education, infant mortality, electricity consumption and other indicators.
In terms of public expenditure on health and education, India is at the bottom of the BRICs. India spends 3.5% of its GDP on education and 1.8% on health, the lowest among the five countries. South Africa ranks first in education spending, accounting for 6.9% of GDP, while China leads in health spending, accounting for 7.1% of GDP.
India has 0.61 beds per 1000 people, while Russia ranks first with 8 beds per 1000 people. During the first wave and the second wave of COVID-19, the bad situation of India’s public health infrastructure was very obvious. It is reported that India’s public health expenditure accounts for 1.8% of GDP, compared with 4.8% in Brazil, 4.6% in Russia, 7.1% in China and 4.2% in South Africa.
India has a high infant mortality rate, ranking second with 23%, second only to 23.6% in South Africa.
In terms of per capita electricity consumption, India lags far behind other countries. Russia takes the lead with 7563 kWh and India takes the bottom with 1208 kwh. A country’s economic growth depends largely on its ability to provide its citizens with affordable, reliable and sustainable energy. These figures also show the power shortage that India can afford.
Similarly, India lags behind other countries in road infrastructure. India ranked bottom with 313000 kilometers of highways, while China ranked first with 5158000 kilometers of highways. Extensive highway network is an important symbol of a country’s economic development.
India’s per capita GDP is even less than $1945. On the other hand, China tops the list with a per capita GDP of US $10438. In terms of major economic indicators, there is a huge gap between the two countries.
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