Business & Economy

BRICS to Hit 38% of Global GDP by 2028, G7 Share to Fall: Russian PM

© Sputnik / Go to the mediabankOn this October 12, 2016 file photo Russia's Federal Tax Service Head Mikhail Mishustin attends a session at the Federation Council, the upper house of Russia's parliament, in Moscow, Russia.
On this October 12, 2016 file photo Russia's Federal Tax Service Head Mikhail Mishustin attends a session at the Federation Council, the upper house of Russia's parliament, in Moscow, Russia. - Sputnik India, 1920, 14.10.2024
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MOSCOW (Sputnik) – BRICS will account for 38% of global GDP by 2028, according to forecasts, while G7 share will decline, Russian Prime Minister Mikhail Mishustin said on Monday.
"It is predicted that by 2028 this association [BRICS] will account for 38% of the world's GDP, taking into account new participants, with a decrease in this indicator for the previous leaders of the G7," Mishustin said at the Made in Russia International Export Forum.
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