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Business Standard

Datanomics: Despite gains, Brics still lags behind G7 in per capita terms

Shikha Chaturvedi New Delhi Listen to This Article The G7 summit, which concluded on Wednesday in Canada, brought together the world's leading advanced economies to address key global challenges including economic resilience, geopolitical tensions, and climate action. Prime Minister Narendra Modi joined the G7 leaders' parleys as a special invitee. In early July, the 17th Brics summit will be held in Rio De Janeiro. The grouping, founded by Brazil, Russia, India, and China in 2009, was initially seen as a forum for developing economies, but has since evolved into a major economic force. Over the past two decades, it has overtaken the G7 in terms of its share of global