BRICS carries greater economic weight than G7

The bloc of five developing countries has a larger share of global GDP than the Group of Seven major economies, research finds The BRICS group, comprising the world’s five major developing economies, has overtaken the Group of Seven (G7) by making up a larger share of the global gross domestic product (GDP) based on purchasing power parity, data compiled by Acorn Macro Consulting, a UK-based macroeconomic research firm, shows. According to the findings, the bloc of BRICS countries, Brazil, Russia, India, China and South Africa, contributes 31.5% of the world’s GDP. Meanwhile, the G7, consisting of the US, Canada,

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