BRICS countries including india are waiting to explode and grow..!?

The dean of Russia's MGIMO university has said that the growth of the BRICS countries is faster than ever and that this growth will soon reach a new peak. He has attributed this growth to Trump's economic activities. Many countries have come forward to join the BRICS due to the US tax system. It is said that this will accelerate the growth of the BRICS. The country that is at the top in terms of economy is the US. Most of the business around the world is done in dollars. This is also an important reason for the growth of the US. Well, it is not that the world has accepted our currency, but trump tried to build a stone through taxes. That is, the US will impose a tax on American goods at the same rate as each country imposes a tax on American goods. This may seem like the right procedure to ask. But it is not like that. Trump's calculation is like saying that if reservation is abolished, caste will be abolished.
Look at this example. We send mangoes from india to the US. They charge a 10% tax on them. But we import Harley Davidson bikes from the US. We charge up to 80% tax on them. It is true that this tax will make Harley bikes more expensive. But it does not mean that America has to survive by selling these bikes. In fact, the profit from the sale of these bikes is of no importance to America. But that is not the case for us. We get dollars from the sale of mangoes. This will keep India's foreign exchange at a safe level. Now tell me, is it better for both countries to impose the same tax? Or is it better for developing countries to impose an additional tax?

Realistically, it is better for india to impose an additional tax and the US to impose a lower tax. But trump did not accept this and imposed an additional tax not only on india but also on many countries of the world. Asian countries have been severely affected by this. The tax has now been suspended for 90 days. However, after 90 days? The situation could get worse. Due to this crisis, many Asian countries have joined the BRICS organization. Countries like Egypt, Ethiopia, Iran, the United Arab Emirates, and indonesia are new members. These countries have tried to conduct financial transactions in their own currencies. For example, if india wants to buy coal from indonesia, it wants to pay for it in rupees instead of dollars.

This will ensure that trade between the BRICS countries will be smooth and uninterrupted. If this is possible for all countries, the growth of the BRICS will reach new heights, said Ekaterina Arapova, Dean of MGIMO university, while speaking at the Valdai Club. She is known as a famous economist. Various predictions have been made about the growth of the BRICS countries. Meanwhile, her speech has attracted international attention.
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Sowmiya Sriram

20/04/2025 02:08 PM