Putin says BRICS drives 49% of global GDP growth

September 13, 2026 at 02:04 PM1 min

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Russian President Vladimir Putin said BRICS countries account for 49% of global GDP growth at the BRICS Plus/Outreach meeting in New Delhi on September 13. He said intra-BRICS trade has reached $1.2 trillion and proposed a common growth platform, payment infrastructure, and an investment platform using digital assets.

Key Facts

BRICS countries account for 49% of global GDP growth, Putin said at the BRICS Plus/Outreach meeting in New Delhi on September 13.
Intra-BRICS trade has reached $1.2 trillion, Putin said.
BRICS members account for nearly a quarter of global exports, Putin said.
Putin proposed creating a common BRICS growth platform, a payment and settlement infrastructure, a reinsurance mechanism, a grain exchange, and an investment platform using digital assets.

BRICS Economic Weight

Putin said BRICS economies continue to grow, with strengthening internal markets and development in industry, technology, finance, science, education, transport, energy, and digital infrastructure. He stated that intra-BRICS trade has reached $1.2 trillion. BRICS countries account for nearly a quarter of global exports, Putin said. He said BRICS provides the main dynamics of global GDP growth at 49%.

Proposed Cooperation Mechanisms

Putin said the association's potential is not exhausted and proposed closer economic cooperation, including new production chains, technologies, services, and markets. He proposed forming a common BRICS growth platform that would combine competitive advantages of member economies and be available to partners. Putin called for developing BRICS' own payment and settlement-depository infrastructure, creating a reinsurance mechanism and a grain exchange. He proposed an investment platform using modern financial technologies, including digital assets, to attract long-term private investment in BRICS countries and the Global South and East.