Month: August 2023

🌍 The BRICS expansion: recaps and highlights

BRICS leaders have adopted the final declaration of the 15th BRICS summit, dubbed Johannesburg 2, and a press conference on its outcome is underway.

Meanwhile we have compiled the main results of the third day of the summit:

▪️ After the expansion, BRICS GDP will account for 37% of the global GDP share.

▪️ Additionally, after the expansion, the population of the BRICS countries will be 46% of the world population.

▪️ The BRICS group will hold 44.35% of the world’s oil reserves after the addition of Argentina, Egypt, Iran, UAE, Saudi Arabia, and Ethiopia.

▪️ The BRICS countries now account for 48.5 million square kilometers, which is 36% of the world’s land area. This is more than double that of the G7.

▪️ BRICS leaders have tasked the Ministries of Finance and Central Banks of their countries to launch payment instruments based on national currencies.

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🇮🇳Key Remarks Made by PM Modi at BRICS Summit:

▪️India Will Be Growth Engine of the World: PM Modi

▪️Reforms in Ease of Doing Business in India Have Improved Investor Sentiment

▪️Direct Bank Transfer Benefits Have Increased Transparency and Reduced Corruption

▪️Infrastructure Development – 10000 kms of highways every year, airports have doubled

▪️India is among world leaders in the area of renewable energy

▪️Income of Indians Have Tripled in the Last 9 Years

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🚨BRICS SUMMIT🚨

‼️The BRICS summit starts tomorrow in South Africa, and not only members of the association itself, but also representatives of dozens of other countries will take part in it – RIA-Novosti 📰

The organization in the coming years may become much larger – the… twitter.com/i/web/status/1…

https://twitter.com/matttttt187/status/1693796011167113624?t=RHSieaRaa9S5Xu6YC2_-cw&s=19