With reference to the BRICS grouping, consider the following statements: 1. The G7 countries contribute more than 40% of the global GDP. 2. The BRICS grouping consists of 10 member nations. 3. The BRICS bloc currently contributes over 40% of the global GDP. Which of the statements given above is/are correct?

Putin says BRICS contributes more than 40% of global GDP at forum

GS2Polity · Governance · IR· Regional & global groupings (QUAD, BRICS, SCO, G20...)· Prelims· 11 September 2026

Shift in global economic governance and multipolarity: a key GS2 International Relations topic.

Why in news

Vladimir Putin and Narendra Modi highlighted the economic shift towards BRICS at the BRICS Business Forum in New Delhi, asserting that BRICS now contributes over 40% of global GDP.

Background

At the BRICS Business Forum in New Delhi, Vladimir Putin stated that BRICS countries contribute more than 40% of global GDP compared to the G7's 29%. The BRICS grouping has grown to 21 members as of the forum.

Facts for Prelims

FactBRICS contribution to global GDP: over 40% as of 2026
FactG7 contribution to global GDP: 29% as of 2026
FactTotal number of BRICS members: 21
PlaceBRICS Business Forum held in New Delhi

Prelims practice question

With reference to the BRICS grouping, consider the following statements:

The G7 countries contribute more than 40% of the global GDP.
The BRICS grouping consists of 10 member nations.
The BRICS bloc currently contributes over 40% of the global GDP.

Which of the statements given above is/are correct?

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

Show answer

Answer: (c) 3 only — Statement 3 is correct. Statement 1 is incorrect: The G7 contribution is 29%. Statement 2 is incorrect: The grouping has grown to 21 members.

For Mains

Q. Discuss the shifting dynamics of global economic governance as evidenced by the growing influence of the BRICS bloc relative to the G7.

Dimensions to cover in your answer

Multipolarity shift: Transition from Western-led economic hegemony to a multi-polar global economic order
Sanctions and trade: Impact of 'secondary sanctions' and unilateral restrictions on international transport corridors
Economic divergence: Structural shifts in global growth engines from developed economies to emerging markets

Keywords: Multipolarity · Global GDP · Economic Sovereignty · BRICS Expansion · Trade Barriers

Full chronology for revision →Read the full news →Report a mistake in this note How notes are made Source: NDTV ↗Also: GS3 · Growth, inflation & macro indicators

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