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India and China drive shift from G7 to BRICS in global trade dynamics: EY report

By Economic Times - 4 weeks ago
India and China are reshaping the global economy, shifting focus from G7 nations to the BRICS alliance. The BRICS+ group's share in global exports has more than doubled since 2000, challenging G7 dominance. High-tech exports from BRICS+ nations are also on the rise. This shift indicates a potential overtaking of the G7's share in global trade by BRICS+ by 2026.

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