The Gross Domestic Product of BRICS is now 36 percent of global GDP and 47 percent of the world population. This follows the announcement of the six nations to the BRICS bloc. “India will continue to build consensus for those countries wishing to join BRICS. Expansion & modernisation of BRICS is a message that global institutions must mold themselves to changing times,” said India Prime Minister Narendra ModiIn reaction to the bloc expansion, the BRICS Sherpa said they received applications from 22 countries. Expansion had to happen in a structured manner,” stated Ambassador Anil Sooklal BRICS SherpaThe Johannesburg Declaration 2 adopted at this year’s BRICS Summit here in South Africa is expected to ensure the development of BRICS nations and create more inclusive economic policies for all members.

Source: Ethiopian News August 25, 2023 12:23 UTC