The Brics Bloc's Quiet Rise: A Challenge to Global Economic Order The recent Brics Summit has brought into sharp focus the growing economic might of this grouping of emerging markets.
As Prime Minister Narendra Modi noted, the collective GDP of Brics nations now represents 40% of global output, with their combined trade share standing at an impressive 25%.
This achievement is significant, especially considering that these countries have grown their economic strength at nearly double the pace of the world since the bloc's formation in 2006.