💰 Centred Trading Ecosystem
Published by OOPSONLINE.IN · Source: Outlook Business · 1 min read · · Updated
What actually happened
As India gets ready to host the 18th BRICS Summit in New Delhi on September 12 and 13, the grouping is entering the summit with a much larger membership and a much bigger economic footprint. But the latest trade data points to another change inside the bloc. China is accounting for a growing share of BRICS merchandise trade, while India's share remains considerably smaller.
Key points
- As India gets ready to host the 18th BRICS Summit in New Delhi on September 12 and 13, the grouping is entering the summit with a much larger membership and a much bigger economic footprint.
- But the latest trade data points to another change inside the bloc.
- China is accounting for a growing share of BRICS merchandise trade, while India's share remains considerably smaller.
Summary based on data provided by Outlook Business. Full article available at the original publisher.
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