Powered by China and India, BRICS Surges to 36.8% Share of Global Economy as G7 Influence Wanes

The global economic balance is undergoing a dramatic shift as the BRICS bloc-driven primarily by the rapid growth of China and India-has expanded its share of the world economy to a record 36.8%. This surge, reported by new data, highlights the widening gap between BRICS and the traditional G7 economies, whose share of global output continues to decline.

 

The BRICS group, now expanded to include new members such as the UAE, Iran, Egypt, and others, has become a formidable economic force on the world stage. China remains the bloc’s powerhouse, contributing the largest share, followed by India, whose robust growth and demographic strength have further accelerated the bloc’s rise. Collectively, BRICS+ now accounts for over 3.3 billion people-more than 40% of the global population-and commands a GDP (PPP) that surpasses the G7’s, according to recent estimates.

 

This shift is not just statistical. With growing clout in global trade, commodities, and finance, BRICS is increasingly challenging Western dominance in international institutions and economic policy. The bloc’s influence is expected to grow further as it deepens cooperation, expands membership, and leverages its vast resources and consumer base. Analysts predict that the collective size of BRICS+ economies could overtake the G7 after 2045, signaling a new era in global economic leadership.

 

Source: United News of India, Wikipedia, World Economic Forum