BRIC Nations Building Bigger Share of Global GDP

The video discusses the shifting dynamics of global economic influence, highlighting the decline of the US's share from 20% to 17% over a decade. It emphasizes the rise of BRIC countries, particularly China, which has increased its influence from 18% to nearly 30% since 2000. The discussion also covers India's economic reforms under Modi, focusing on the removal of gas and oil subsidies, which are seen as significant steps towards economic growth.

What does the speaker suggest is a great sign for India's future?

• Willingness to take risks

• Increased oil prices

• Political stability

• None of the above

What was the political context that allowed for the abandonment of diesel subsidies in India?

• High oil prices

• Low oil prices

• International pressure

• Public demand