India emerges as a pivotal player in the forthcoming surge of wealth creation in the East, as per a report by BNN, with BRICS nations expecting an 85% rise in millionaires by 2034. This anticipation foresees a potential US$ 271.1 billion (Rs. 22.5 trillion) increase in India’s investable wealth. The surge is fueled by a vibrant entrepreneurial environment, technological advancements, and economic prowess. The BRICS consortium, undergoing significant transformation with the inclusion of five new members, reflects the escalating influence of Middle Eastern and African nations on the global economic stage.
In a recent meeting held in Tehran, Iranian Foreign Minister, Mr. Hossein Amir-Abdollahian, and Union External Affairs Minister, Dr. S. Jaishankar, deliberated on the expansion of bilateral and multilateral ties within the Shanghai Cooperation Organisation (SCO) and BRICS. This underscores the evolving significance of these alliances in shaping international economic dynamics.
