BRICS are expected to contribute more than 50% of global GDP by 2030
The five BRICS members contributed 31.5% of global GDP in 2020
Data from the International Monetary Fund (IMF) compiled by the MeghUpdates platform and verified by Indian newspaper The Print, shows that as of 2020, the BRICS nations as a whole have started contributing more to the global Gross Domestic Product (GDP) than the G7 nations, in purchasing power parity (PPP) terms, as reported by Brasil 247, a partner of TV BRICS.
The five BRICS members (Brazil, Russia, India, China and South Africa) contributed 31.5% of global GDP in 2020, while the G7's share fell to 30% in that year. The BRICS are expected to contribute more than 50% of global GDP by 2030, with the expansion of the bloc almost certainly anticipating this.
"This will usher in significant global change, exactly the sentiment that Chinese President Xi Jinping stated in his parting words to Russian President Vladimir Putin as he departed Moscow back to Beijing," analyses the Silk Road Briefing website.
BRICS member states hold regular summits to discuss political and economic issues of common interest. The association is considered a bloc with growing influence because it represents a group of countries that occupy an increasingly important place in the global economic and political landscape. Together, these countries have the potential to play a significant role in reforming international institutions such as the IMF and the World Bank to better reflect the economic and political power of developing countries.
In addition, the BRICS supports multipolarity and the strengthening of the multilateral system of global governance. The bloc also works to strengthen South-South cooperation in areas such as trade, investment, technology and innovation.
Photo: IStock
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![Ashok Mondal]()
Ashok MondalNID Director"Signing this Memorandum of Understanding between the National Institute of Design (NID) and TV BRICS marks a pivotal milestone in advancing design diplomacy across the BRICS media space. This moment is especially significant as India hosts the 18th BRICS Summit, following India’s assumption of the BRICS chairship under the visionary leadership of Prime Minister Shri Narendra Modi. The partnership directly embodies his call to elevate Indian design standards through 'Design in India, Design for the World'. Through the global reach and broadcast capabilities of TV BRICS, we are excited to showcase the extraordinary visual storytelling, films, and design research of NID’s Film and Video Communication students to an international audience, while also welcoming and screening film works from BRICS network countries at NID Ahmedabad. This reciprocal exchange strengthens our shared commitment to educational, cultural, and artistic collaboration, fostering sustainable connections among global creative communities. NID Ahmedabad looks forward to leveraging this partnership to deepen cross-cultural dialogue, build international expert networks, and unlock transformative opportunities for filmmakers, researchers, and faculty across member nations" -
![Vladimir Putin]()
Vladimir PutinPresident of Russia"We are developing mutual trade, which is growing; it increased by over 12 per cent last year. We have a joint commission working in this sphere. Our focus is on agriculture, shipbuilding, information technology and energy, including nuclear power. We have signed a free trade agreement between the Eurasian Economic Union and Indonesia. Jakarta is our reliable and old friend within ASEAN. We are working together at all international platforms, including the UN" -
![Vladimir Putin]()
Vladimir PutinPresident of Russia"More and more Iranian students are choosing Russian education. We are very pleased about this. A great many future doctors are studying in Russia. In the 2025–2026 academic year, the number of Iranian students in Russia approached 10,000, with 802 of them studying at the expense of the Russian state budget" -
![Xi Jinping]()
Xi JinpingPresident of the People’s Republic of China"The foundation of our bilateral relations will only grow stronger, and we will confidently move forward to a better future. […] The striving of nations on our planet for peace, development, cooperation and mutual benefit remains unchanged. The vital mission of the Shanghai Cooperation Organisation is to maintain stability and promote the development of our region" -
![Alisher Salomov]()
Alisher SalomovAdviser to the Chairman of the National Committee for Ecology and Climate Change of the Republic of Uzbekistan"First and foremost, I would like to highlight the importance of this Central Asia–Russia initiative, because environmental problems know no borders, and only a shared understanding of these problems and the search for joint solutions can deliver positive results"
