New Delhi, July 12 -- The 17th Brics summit was held in Brazil earlier this week amid tariff threats from the US and geopolitical challenges. Meanwhile, India's electricity demand declined owing to a cooler summer and an early monsoon, and Nvidia stock soared, making it the world's first $4-trillion market cap company.

The 17th Brics summit was held in Brazil amid tariff threats and geopolitical conflicts, with the bloc seeking to strengthen the position of the global south. The absence of China's Xi Jinping and the virtual participation of Russia's Vladimir Putin owing to legal constraints underscored internal challenges.

Brics+, now expanded to 11 members, represents 48% of the global population and is steadily closing the GDP gap wit...