Innovative markets such as style, art, media, material, and video games, which presently contribute over 4 percent to the international GDP, are quickly becoming brand-new development engines and BRICS countries consisting of India have possible to end up being center for the sector, according to Sberbank.
Innovative markets are growing 15 percent quicker than other sectors of the worldwide economy, forming a market worth more than 1.6 trillion dollars, Sberbank stated in a declaration.
“The BRICS+ countries can become hubs for the development of creative solutions based on breakthrough technologies, and the Created in BRICS+ label is a new symbol of quality and innovation,” stated Vladislav Kreinin, Senior Vice President, Director of the Marketing and Communications Department at Sberbank.
These sectors are likewise quick becoming the driving force behind the advancement of the contemporary economy, he stated, speaking at the RICS International Forum held just recently in St. Petersburg.
BRICS is a grouping of emerging countries consisting of Brazil, Russia, India, China, and South Africa, in addition to 5 brand-new members. Developed in 2009, BRICS was established on the facility that worldwide organizations were excessively controlled by Western powers and had actually stopped to serve establishing nations.
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