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Putin Highlights BRICS Economic Weight Ahead of BRICS Business Forum in New Delhi

'G7, the Great 7 -- I don't know why they call that': Putin highlights BRICS' 40% GDP share vs G7's 29%
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Source: Moneycontrol | Original Published At: 2026-09-11 13:13:49 UTC

Key Points

  • Russian President Vladimir Putin spoke at the Leaders' Session of the BRICS Business Forum in New Delhi.
  • Putin said BRICS countries produced more than 40% of world GDP over the past five years, compared with 29% for the G7.
  • He stated that BRICS accounted for more than half of global economic growth during the period, while the G7 contributed 18%.
  • Putin attributed BRICS' momentum to the bloc's demographic scale and large domestic markets.
  • Iranian President Masoud Pezeshkian urged BRICS to convert its economic size into practical cooperation in trade, investment and joint financing.
  • Brazilian Foreign Minister Mauro Vieira called for deeper BRICS economic integration amid rising protectionism and unilateral sanctions.
  • India's Commerce and Industry Minister Piyush Goyal said BRICS exports rose from about $900 billion in 2003 to $6 trillion in 2024.
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