Putin Says BRICS Now Drives Half of Global Growth

At the 2026 BRICS summit, Russian President Vladimir Putin said that BRICS countries now account for half of global economic growth and have surpassed the G7 in their contribution to world GDP. He credited dynamic domestic markets and rapid urbanization for the group's success. Putin also called for more countries to join the work of the BRICS New Development Bank, saying the bank supports the organization's development. Indian Prime Minister Narendra Modi appeared alongside Putin at the summit, which highlighted deep shifts in the global economy, new engines of growth, and energy security.