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BRICS+6 to control 30% of global GDP, 46% population: Note
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BRICS grouping will see it controlling 46 per cent of the world's population and 30 per cent of its economic output, according to a research paper. At the latest BRICS summit in Johannesburg last week, the present members — Brazil, Russia, India, China and South Africa — decided to add Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members of the grouping.
The new members will become part of BRICS effective January 1, 2024.
The acronym BRICS was originally coined in 2001 by Goldman Sachs economists led by Jim O'Neill.
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