BRICS Overtakes G7 on PPP Metrics: Why India-Russia Energy Ties Are Becoming a Game Changer

Source: Aaj Tak | Original Published At: 2026-05-14 17:47:28 UTC

Key Points

• Using IMF April 2026 WEO PPP estimates, the article says BRICS’ combined economy is about $88 trillion versus roughly $62 trillion for the G7.
• It links BRICS’ rise to expansion beyond the original five members, including additions in 2024 and Indonesia’s entry in 2025.
• India is hosting BRICS foreign ministers and discussing energy security, maritime routes, and disruptions around the Strait of Hormuz and the Red Sea.
• The report says Russia’s share in India’s oil spending has increased sharply since 2022, reaching about one-quarter by March 2026.
• Officials cited in the article discuss possible BRICS coordination on oil-price volatility and greater use of rupee-based settlement for Russian oil.
• The article frames upcoming BRICS summit outcomes as a test of whether the bloc can convert economic scale into practical policy results.