BRICS+ rising, G7 falling: Can India, China and other emerging economies change the world?
The BRICS, consisting of Brazil, Russia, India, China, and South Africa, have seen their share of global GDP rise from 19% in 2001 to 36% today. With the addition of new members, this share is expected to reach 45% by 2040. However, the bloc faces challenges such as lack of cohesion and differing political systems. While the goal is to challenge the dominance of the US and the dollar, achieving this may be difficult due to economic and geopolitical factors.