Watch: Putin takes swipe at 'so called' G7, says Brics accounts for over 40% of world GDP
At the Brics Business Forum, Russian President Vladimir Putin emphasized the growing influence of Brics, which now represents over forty percent of global GDP, outpacing the G7's twenty-nine percent contribution. He pointed out that these statistics illustrate the ongoing transformation of the global economic order. Furthermore, Putin and Prime Minister Modi participated in significant bilateral…
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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