Moscow, July 13 -- BRICS possesses all the core elements required to achieve sustainable economic growth and uplift the quality of life for its populations--ranging from abundant resources and advanced technologies to robust human capital.

This was highlighted by Maksim Oreshkin, Deputy Chief of Staff of the Russian Presidential Executive Office, during the BRICS Business Forum in Rio de Janeiro.

Speaking to delegates, Oreshkin underlined the bloc's growing global footprint, noting that BRICS now accounts for 40 per cent of global GDP and represents over half of the world's population.

"Our countries have become the new centres of growth rapidly urbanising, with vast domestic markets and forward-looking economies," he remarked.

He str...