Business Standard

The last quarter-century has turned out to be less Brics, more China-India

China and India have proved the Brics forecast right in the quarter-century gone by. In the second quarter-century expect broadly more of the same, with India gaining prominence, writes T N Ninan

BRICS
Premium

PM Narendra Modi with Brazilian President Luiz Inacio Lula da Silva, Chinese President Xi Jinping, South African President Cyril Ramaphosa and Russia's Foreign Minister Sergei Lavrov poses for a photo during 2023 Brics Leaders Retreat (Photo: PTI)

T N Ninan

Listen to This Article

Continuing with last weekend’s quarter-century theme, it is instructive to look back at the long-term forecast that captured the world’s imagination early in the new century. Famously (some would say infamously), Goldman Sachs forecast that four emerging “Brics” economies (Brazil, Russia, India, and China) would grow to eventually match and then overtake what at the time were the world’s six biggest economies, namely the US, Japan, Germany, the UK, France, and Italy (the G6). That forecast has proved right on the broad direction of change, but little else.

At the macro level, Goldman had said that the Brics economies would
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in