Putin says BRICS countries produce over 40% of world GDP

Russian President Vladimir Putin highlighted the growing economic influence of BRICS nations, stating they have produced more than 40 per cent of the world’s GDP over the last five years. He contrasted this with the Group of Seven (G7), whose contribution stands at only 29 per cent, calling into question the relevance of the G7 grouping.

Putin said, “The world is always changing, and this is attested to by the objective facts of the last five years.” He emphasized the structural and profound shifts in the global economic landscape, pointing to BRICS as the backbone of international economic relations. The Russian president questioned why the G7 is still considered a major economic group given its smaller share of global GDP compared to BRICS countries.