Goldman Sachs Review of BRICS Growth Trends Highlights India and China's Expansion
What happened
Goldman Sachs reviewed a 25-year-old economics paper that predicted four emerging markets—Brazil, Russia, India, and China—would become major global powerhouses. The review noted that while the BRICS group is now heavily dependent on India and China, the growth figures for these two nations are substantial. Since 2000, India's cumulative per capita growth totaled 246%, and China's reached 554%.
From fortune.com
Why it matters
The analysis indicates that China and India have grown far more rapidly than the mature economies of the West, which saw cumulative per capita growth of 45% for the U.S., 30% for the European continent, and 29% for the U.K. The review also noted that Brazil and Russia's share of global GDP has returned to levels seen when the initial prediction was made.
From fortune.com
Who's involved
- Goldman SachsAmerican investment bank that conducted the review of the emerging market trend.
- BRICSAssociation of countries whose growth trends were initially predicted to be outsized.
- BeijingCapital city of China, whose massive growth impacts investment strategy.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Goldman Sachs's new market focus may challenge JPMorgan Chase's strategyJPMorgan Chase may face competitive pressure from Goldman Sachs's new market focus.Possible
- Morgan Stanley may face competitive pressure from global market shiftMorgan Stanley may need to adjust strategy amid global market shiftPossible
- China's rapid growth may force the West to re-engage with the Global SouthChina's rapid growth may force the West to re-engage with the Global SouthPossible
Keep exploring
The entities involved
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Goldman Sachs
American investment bank
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
Related events
- BRICS established a new international bank dedicated to financing emerging markets.
- Goldman Sachs and Bank of America analyzed current market trends and wealth distribution on October 7, 2026.
- Goldman Sachs and Scott Bessent analyzed global and U.S. Treasury debt market trends.
- Major financial institutions analyze the AI investment boom, noting the US lead over Europe in data center development and global forecasts.
- Goldman Sachs analysis noted a decline in market breadth for the S&P 500.