Ever since the BRICS (Brazil, Russia, India, China and South Africa) expressed their unison through the formation of a joint Development Bank – Durban, South Africa on 27 March 2013 – the Zionist-Anglo-Saxon caliphate attempted to divide them. The BRICS constitute some 45% of the world population and close to 30% of global GDP. The BRICS idea is to issue a joint alternative currency, fully detached from the US dollar and its greed economy. In the meantime a number of other countries would like to join the BRICS, including Argentina, Venezuela, Iran, Mongolia, Malaysia and others, which would result in about one third of the world’s economic output and half of the global inhabitants. This gives the BRICS a profile of strength surpassing that of the United States and Europe together. China alone is not only already the world’s largest economy, China is also dominating the Asian market of some 4.2 billion people, 60% of the world populations and a combined GDP of about US$ 20 trillion, equivalent to about US$ 25 trillion, when comparing purchasing power with the dollar based US economy of about US$ 17 trillion. Asia registered an average growth rate of almost 8% over the past few years, compared to that of the western world, hovering around 1%.
Tag: India
The 2014 global Multidimensional Poverty Index (MPI) by researchers at the University of Oxford covers 108 countries: 31 Low-Income Countries, 67 Middle-Income Countries and 10 High-Income Countries. These countries have a total population of 5.4…
On 15 August, India will mark its 67th anniversary of independence from Britain. It may seem strange to some that a nation would publicly celebrate its independence while at the same time it less publicly…
Top of the agenda at the sixth summit of the BRICS developing nations beginning Tuesday is the founding of two multilateral financial institutions designed to erode the dominance of the World Bank and International Monetary Fund as arbiters of the global economic system. For Russia, the creation of a $100 billion BRICS development bank and a reserve currency fund worth another $100 billion is a political coup. Just as the West freezes Russia out of its own economic system as punishment for its politics in Ukraine, Russia is tying itself into the financial superstructure of the next generation of economic heavyweights: India, Brazil, China and South Africa. The World Bank and the IMF have come under criticism from the rapidly developing BRICS, who together account for 20 percent of global GDP and 40 percent of the world’s population. In their view, the two financial institutions are dominated by the rich nations of the G7 and attach stringent conditions to their lending that impinge on the economic sovereignty of its members
Leaders of the BRICS nations, from left, Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi, Brazil’s President Dilma Rousseff, China’s President Xi Jinping and South Africa’s President Jacob Zuma, pose for a group…
Before being voted out of office this year, the Congress-led United Progressive Alliance administration sanctioned open-field trials of 200 GM food crops in India. Monsanto’s shares rocketed as a result (1). This decision prompted Rajesh…
Prior to the recent national elections in India, there were calls for a Thatcherite revolution to fast-track the country towards privatisation and neo-liberalism (1). Under successive Thatcher-led governments in the eighties, however, inequalities skyrocketed in…
Israel has carved economic inroads into Asia deep enough to compromise the traditional Asian political support for Arabs. If this trend continues, the growing economic Israeli-Asian relations could in no time translate into political ties…
The Obama administration’s «Asia Pivot» is playing out in earnest in joint U.S.-Indian-Israeli intelligence operations in the Himalayan region. The actions by the three cooperative nations’ intelligence agencies are aimed at limiting Chinese influence here….
On 15 August, India will celebrate Independence Day. There will be the usual celebratory flag waving and nationalist sentiments. The mainstream media and key figures will indulge in the type of self congratulatory back-slapping that…