GDP share of the six new members, being added to the five-member BRICS grouping of emerging economies from January, will be just 11 per cent, with Saudi Arabia's contribution the highest at 4 per cent, an analysis shows....
The expansion decision, effective January 1, 2024, was announced at the recent BRICS summit held in Johannesburg....
Russia contributes 8 per cent, Brazil is at 7 per cent and South Africa contributes a paltry 2 per cent, giving combined 26 per cent of global economic outpu
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2023-09-09 00:00:00.0