According to the findings, the bloc of BRICS countries, Brazil, Russia, India, China and South Africa, contributes 31.5% of the world’s GDP. Meanwhile, the G7, consisting of the US, Canada, France, Germany, Italy, Japan and the UK, and considered the most advanced economic bloc of countries on the planet, add up to 30.7 per cent,
Azerbaycan24.com writes.
The gap between the two groups is expected to continue to grow, analysts say, as China and India are experiencing robust economic growth, and more countries are interested in joining BRICS.
The article reminds that earlier this year, Russian Foreign Minister Sergey Lavrov said that “more than a dozen” nations have expressed an interest in joining BRICS, including Algeria, Argentina, Bahrain, Bangladesh, Indonesia, Iran, Egypt, Mexico, Nigeria, Pakistan, Sudan, Syria, Türkiye, the United Arab Emirates and Venezuela. Meanwhile, Saudi Arabia, Egypt and Bangladesh have acquired equity in the New Development Bank, BRICS’ funding organization.
