Putin Jabs G7, Says BRICS Now Drives Global Growth
What Happened
Speaking at the BRICS Business Forum in New Delhi, Vladimir Putin said BRICS countries accounted for more than 40% of global GDP over the past five years, compared with 29% for the G7. Taking a swipe at the G7, he remarked, “the so-called G7, the Great 7, I don't know why they call that.” Putin argued that emerging economies are increasingly becoming the world's new engines of growth as the global economic balance shifts.
Key Takeaways
Putin used the BRICS platform to underscore the bloc's growing economic influence and present it as a stronger driver of global growth than the G7. The remarks reflect BRICS' broader push to position itself as a leading voice for emerging economies in a changing global order.