With reference to the economic standing of BRICS and G7, consider the following statements: 1. The G7 accounts for 41% of the global GDP as of 2026. 2. BRICS currently accounts for 41% of the global GDP. 3. China and India together constitute nearly 70% of the BRICS economy. Which of the statements given above is/are correct?

BRICS Surpasses G7: 41% Global GDP, Eyes Resilience in New Delhi Summit

GS2Polity · Governance · IR· Regional & global groupings (QUAD, BRICS, SCO, G20...)· Prelims + Mains· 10 September 2026

Shifting global economic governance and multipolarity: a key GS2 International Relations theme.

Why in news

India is hosting the 18th BRICS Summit in New Delhi on September 12-13, 2026, highlighting the bloc's growing economic dominance over the G7.

Background

BRICS now accounts for 41% of global GDP, surpassing the G7's 28% share. China and India together constitute nearly 70% of the BRICS economy.

Facts for Prelims

FactBRICS global GDP share: 41% as of 2026
FactG7 global GDP share: 28% as of 2026
FactChina and India share: Nearly 70% of the BRICS economy
FactBRICS share in India's exports: 22% by 2026
FactBRICS share in India's imports: 41% by 2026

Prelims practice question

With reference to the economic standing of BRICS and G7, consider the following statements:

The G7 accounts for 41% of the global GDP as of 2026.
BRICS currently accounts for 41% of the global GDP.
China and India together constitute nearly 70% of the BRICS economy.

Which of the statements given above is/are correct?

(a)1 only
(b)3 only
(c)1 and 2 only
(d)2 and 3 only

Show answer

Answer: (d) 2 and 3 only — Statements 2 and 3 are correct. Statement 1 is incorrect: The G7 accounts for 28% of the global GDP.

For Mains

Q. Discuss the shifting dynamics of global economic governance as BRICS emerges as a significant counterweight to the G7's economic influence.

Dimensions to cover in your answer

Multipolarity shift: Transition from Western-led financial hegemony to a more fragmented, multipolar global economic order
Trade dependency: India's increasing reliance on BRICS nations for 41% of its imports creates strategic trade vulnerabilities

Keywords: Multipolarity · Economic Resilience · Global Governance · Trade Dynamics · South-South Cooperation

Read the full news →Source: NDTV ↗Also: GS3 · Growth, inflation & macro indicators

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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.