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The G7 countries have together a population of about 780 million people (or almost 10% of the world population), comprise around 50% of worldwide nominal net wealth and as of 2024 about 30% of world GDP (as by purchasing power parity) and more than 44% of nominal gross domestic product. [12] [13] [14]
Following the summit media in India widely reported on Indian PM's address to G7. However, no address transcript, video or audio was released publicly. A sitting MP from the ruling party itself raised objection to this omission. [ 62 ]
BRICS is an intergovernmental organization consisting of ten countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. It is considered to be a counterpart and alternative to the G7 bloc of the world's largest economies and combined represent nearly half [ 2 ] of the world's population.
Dominic Raab held talks with his American counterpart Antony Blinken on Monday.
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G7 summit meetings originated in an ad hoc gathering of finance ministers in 1973. Meetings of finance ministers, labour and employment ministers, environment ministers, foreign ministers and trade ministers and other ad hoc ministerial meetings [ 1 ] have taken place within the country designated for the annual G7 or G8 summit.
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The 49th G7 summit was held from 19 to 21 May 2023 in the city of Hiroshima in Hiroshima Prefecture. [2] [3]Leaders of G7 countries joined in Hiroshima to discuss a number of challenges to peace and prosperity facing the global order while consulting with invited guests.