India overtakes everyone: becomes no. 1 growth nation in the G20!

India overtakes everyone: becomes no. 1 growth nation in the G20!

Brazil, Land - The Brics nations have again conquered the global economic stage! In the rapid race of the economic elites, one of the BRICS members officially won the title of the fastest growing economy in the G20 for 2024. The impressive economic growth of the BRICS countries now unfolds a tangible dynamic that not only strengthens the group, but could also significantly expand its global influence.

According to Russian President Vladimir Putin, the BRICS block has already exceeded the collective G7 of the entire G7 countries. The focus of the world is now focused on the further economic development of this community. Countries from all over the world stand in line to obtain BRICS membership next year. India particularly stands out because it has a forecast growth rate of a whopping 7% for 2024.

economic policy sensation: India first of all

India has conquered the top of the growth ranking and thus consolidated its role as a driving force within the Brics community. Behind India is an impressive 5% growth rate, followed by China, the growth of which is 4.8%. Russia can also secure fourth place with a growth rate of 3.6% and clearly shows the success of the economic reorientation according to the western sanctions due to the Ukraine invasion 2022.

the once dominant USA with a seventh place and a growth forecast of modest 2.8% must come to terms with. This development impressively illustrates how successful the strategy of the BRICS nations was to consolidate its economic power and geopolitical position. If the forecast arrives, the BRICS group could soon hold four of the five most fastest growing economies in the world-an economic shock that could hide the global balance of power. The G20 summit in Brazil has now revealed this spectacular list and thus continued to fuel the triumphal march of the Brics.