THE combined share of GDP of countries of the BRIC grouping that includes India exceeds US$60 trillion, which is more than the corresponding figure for the countries of the G7 and it continues to grow, Russian President Vladimir Putin told the BRICS Business Forum in Moscow on Friday.
State media TASS cited Putin as saying that BRICS plays a significant role in the global economy not only today and that it is quite obvious that this role will increase in the future as well.
He said that the countries that are part of the BRICS are in fact the drivers of global economic growth. And it is in BRICS grouping that the main increase in global GDP will be generated in the foreseeable future, the Russian President said. Putin’s remarks come ahead of the summit of BRICS scheduled to be held in Kazan on 22-24 October.
According to TASS report, Putin said that in the year 1992 the share of the Group of Seven countries is 45.5 per cent while that of BRICS countries account for 16.7 per cent of global GDP.
ANI
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