🌀A Stronger Start to 2026-27

🔰India’s economy began 2026-27 on a strong note, with real GDP growth accelerating to 7.8% in Q1, riding on manufacturing and services, while real GVA rose 8.2%

🔰Investments rose by 11.9%; household consumption grew 7.1% and exports grew by 12.0%

🔰This momentum continued into July, with industrial production up 6.7%, while cumulative merchandise and services exports during April-July rose 13.16% year-on-year

🔰Credit to industry and services grew 20.0% and 22.9%, respectively, in July

🌀Growth Extends Across Major Sectors

🔰In terms of Real GVA, the tertiary sector grew by 10.0% in Q1 2026-27, up from 8.0% in Q1 2025-26

🔰Within the sector, financial, real estate, IT and professional services recorded 12.1% growth

🔰The secondary sector expanded by 8.6% in Q1 2026-27, compared with 6.1% in the corresponding quarter of the previous year.

🔰Manufacturing recorded 9.2% growth, supported by strong output across key segments

Bringing together 11 major emerging markets and developing countries, BRICS provides a platform for consultation and cooperation on global and regional issues, including political and economic governance.

Its growing membership reflects the changing balance of global influence.

The Numbers Behind BRICS’ Growing Power

BRICS by numbers: the bloc’s global economic weight is significant.

Its 11 member nations represent 49.5% of the world’s population, 40% of global GDP and 26% of global trade , underscoring its growing importance in the global economic landscape.