Putin takes a dig at 'so-called' G7, stresses BRICS nations' 40% share of world GDP
Putin said that over the last five years, more than half of that growth has been accounted for by BRICS, whereas the G7 has only accounted for 18%.
Russian President Vladimir Putin criticized the G7 during a BRICS summit in New Delhi, highlighting that the BRICS countries have contributed over 40% of the world's GDP in the last five years, compared to the G7's 29%. Putin noted that the world is constantly changing, as evidenced by the BRICS nations' economic growth over recent years.
He emphasized that the BRICS group of eleven developing countries, including Brazil, China, and India, accounts for more than half of the world's population and has driven global economic growth, with over half of that growth attributed to BRICS. Putin praised several major firms from BRICS countries, such as India's Mahindra, China's Huawei, Brazil's Embraer, UAE's DPO, and Russia's Rosatom, attributing their success to hard work and innovation.
He stressed the importance of business-to-business ties and economic partnerships in overcoming global challenges, as the world undergoes significant structural shifts.
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