The BRICS group will generate most of the global economic growth in the coming years thanks to its size and relatively fast growth compared with that of developed Western nations, Russian President Vladimir Putin said on Friday.

BRICS has surpassed the G7 in global economic power, and according to Vlad Putin, it’s just the beginning. In 1992, the G7 held 45.5% of the world’s GDP, while BRICS sat at a small 16.7%. Fast forward to 2023,

Moscow: Russian President Vladimir Putin on Friday said that the combined share of GDP of the BRICS countries is more than the corresponding figure for the countries of the G7 and it continues to grow.

BRICS has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa