New Delhi. Russian President Vladimir Putin said in the BRICS Business Forum that mutual relations between BRICS countries are getting stronger. Our aim is to promote mutual business. About 40 percent of world trade takes place between BRICS countries. Can face difficulties through BRICS. Indian IT companies are progressing rapidly. BRICS has overtaken G-7 in GDP.
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He said that western countries are afraid to compete. Wrong sanctions have been imposed on Russia. Despite these sanctions, Russia has moved forward. Deep structural and widespread changes are taking place in the world. Addressing the leaders' session of the BRICS Business Forum in Delhi, Russian President Vladimir Putin said that in the last five years, more than 40 percent of the world's GDP has come from the BRICS countries, while the share of the so-called G7 countries has been only 29 percent.
Putin said that if we talk about the growth of the global economy during the same period, BRICS countries have contributed more than half of it, while the contribution of G7 has been only 18 percent. Why is it like this? The answer is simple. BRICS countries represent more than half of the world's population and that is why there is great dynamism and vibrancy in their domestic markets.