Brief by Shorts91 Newsdesk / 08:54am on 12 Sep 2026,Saturday India Global
Russian President Vladimir Putin compared BRICS’ economic contribution with that of the G7 while addressing the BRICS Business Forum in New Delhi. Putin said BRICS countries produced more than 40% of global GDP over the past five years, compared with 29% for the G7. He argued that the figures demonstrate a shift in global economic power towards emerging economies. Putin also highlighted BRICS’ large population, expanding domestic markets and rapid urbanisation as key drivers of growth. Prime Minister Narendra Modi echoed the figures, saying BRICS represents around half the world’s population, 40% of global GDP and over 25% of global trade.
