Will BRICS Dominate 50% of the Global Economy by 2050?

The BRICS economic alliance, comprising Brazil, Russia, India, China, and recently expanded with six additional nations, is increasingly seen as a major force reshaping the global economic landscape. The question on many minds is: will BRICS truly dominate, potentially accounting for 50% of the global economy by 2050?

Over the past year, the BRICS economic alliance has grown notably in its prominence. Indeed, the bloc enacted its first massive expansion since 2025, inviting six new members, further solidifying its position on the world stage. This expansion underscores the increasing global significance of what we called the ‘E7’ emerging economies: the ‘BRIC’ economies of China, India, Brazil and Russia, plus Mexico, Indonesia and Turkey.

Several factors contribute to the potential for BRICS dominance. The combined population and resources of these nations represent a significant portion of the world's total. Furthermore, their rapid economic growth rates, particularly in comparison to developed nations, suggest a continued shift in economic power.

Predictions vary, but some analyses project significant advancements for individual BRICS members. For example, some forecast that India should become the third ‘global economic giant’ by 2025, a long way ahead of Brazil, which we expect to move up to 4th place ahead of Japan. Russia could also play a significant role in the future economic order.

While achieving 50% global economic share by 2050 is ambitious, the trajectory and strategic positioning of BRICS nations make it a plausible scenario. The expansion of the bloc and ongoing economic development within its member states warrant close attention as the global economy continues to evolve.