Brazil, India Raise Concerns As BRICS Adds Iran, Saudi Arabia and 4 Others In Historic Expansion
- The BRICS emerging economies bloc invited six new member countries: Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt and Ethiopia.
- The expansion aims to increase BRICS' geopolitical influence and provide an alternative to US-dominated institutions.
- China and Russia pushed strongly for adding new members to counter Western power.
- Brazil and India expressed hesitations about the inclusion of Iran due to political concerns.
- The bloc now represents over 40% of the world's population and around 25% of global GDP.
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