ET Graphics: BRICS' expanding economic clout and the China-India tilt behind it
BRICS economies contribute nearly half of global GDP growth over the last decade. China and India significantly drive this economic expansion and influence within the bloc. Intra-BRICS trade relations have been rapidly strengthening even before r...
ET Graphics: BRICS' expanding economic clout and the China-India tilt behind it
BRICS members’ economic influence is expanding, with the bloc accounting for nearly half of incremental global GDP over the past decade—well over its 40% share in the world economy.
However, much of this comes from China and India. Meanwhile, data shows that today’s BRICS economies were rapidly boosting their trade relations with each other, even before the bloc decided to expand to 11 countries in recent years.
As leaders gather in Delhi for the 18th BRICS summit today, Anoushka Sawhney looks at the key numbers:
BRICS: 40% of world GDP, key engine of global growth
BRICS: 40% of world GDP China and India have a disproportionate hold
China and India have a disproportionate holdThe bloc's trade footprint has risen slowly
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The bloc's trade footprint has risen slowlyAgeing population could threaten BRICS' edge
