“India’s lost decade: Falling behind BRIC economies between 2004 and 2014 and the subsequent recovery”, First Post, September 4, 2023:

“At the recent summit in South Africa, it looked like everyone wanted to join the BRICS. Leaders from over 60 countries attended the meeting. Six new members were added. Some of these new members, such as Iran, are deeply hostile to the United States. But others are old US allies, such as Saudi Arabia or the UAE. Then, there were Argentina, Ethiopia and Egypt. The waiting list remains long.

At the core of the BRICS grouping, which began only as BRIC in 2006, are India and China. They are expected to account for most of global economic growth in the years to come. Everyone wants to get close to them. China has firmly established itself as the world’s second largest economy, and India is the fifth.

In a couple more years, India is expected to rise to the third position. Over the last few years, India’s economy has roughly kept up pace with China. Since 2014, India’s GDP has expanded by 83 per cent, while China has expanded by 84 per cent. The United States comes in at 54 per cent….”

Read the full article at Firstpost.com