The BRICS alliance wields substantial economic and demographic influence, boasting an estimated total investable wealth of $45 trillion. Dominic Volek, Group Head of Private Clients at Henley & Partners, forecasts an 85% increase in the millionaire population across these nations over the next decade.
Volek underscores BRICS’ collective impact on the global economy, with their combined GDP constituting a significant portion of global output, driven by rapid growth. India and China alone account for nearly 40% of the world’s population, translating into vast consumer markets and labor forces, augmenting the bloc’s global significance.
Amidst this growth, Volek highlights diverse investment opportunities across sectors like technology, consumer goods, and infrastructure within BRICS nations. He suggests leveraging investment migration programs to attract global capital and talent, citing their effectiveness in stimulating economic growth.
These programmes, offering pathways for wealthy individuals to invest in BRICS economies, can bolster the group’s standing in global economics. Successful implementation of such initiatives globally sets a precedent for BRICS nations to attract substantial foreign direct investment through citizenship or residency by investment schemes.
