‘More than 40% of World GDP Produced by BRICS…’: Putin’s Big Economic Comparison with G7
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‘More than 40% of World GDP produced by BRICS…’: Putin’s big economic comparison with G7
Russian President Vladimir Putin took a dig at the ‘Group of Seven’ (G7) on Friday on the sidelines of the BRICS summit in New Delhi, saying that it is the latter group of countries which has contributed to over 40 per cent of the world GDP in the last five years as compared to the “so-called” G7.
Putin takes swipe at ‘so-called G7’, says BRICS contributed over 40% of global GDP
Russian President Vladimir Putin compared the economic performance of BRICS and the G7 at the BRICS Business Forum in New Delhi. He credited the grouping’s large population, expanding domestic markets, rapid urbanisation and growing companies for its rising role in the world economy.
“Why this dynamic? The answer, in fact, is simple,” said Russian President Vladimir Putin. Russian President Vladimir Putin said that the BRICS countries already generate a significant share of global gross domestic product. “Over the past five years, more than 40% of the world’s gross domestic product was generated by [...] The entry BRICS countries produced more than 40% of the world’s GDP over the past five years: Putin first published in Con…
"If we talk about the growth of the global economy in the same period, then almost half of this growth was provided by the countries of our alliance," Putin said.
The so-called emerging economies hold in India the 18th BRICS summit and business forum with the participation of Vladimir Putin and other leaders The post Putin: 40% of world GDP is produced by emerging economies appeared first on TCS Now - News El Salvador.
In addition, according to Russian President Vladimir Putin, BRICS States have produced more than 40 per cent of world GDP over the past five years, while the G-7 contributed only 29 per cent.
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