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The BRICS alliance is advancing in its quest to dethrone the U.S. dollar currency from its global reserve status. A recent report from Goldman Sachs indicates that the U.S. GDP could drop to third place by 2075. Two BRICS countries China and India could have a bigger GDP than that of the U.S. and might take the first and second spot. Also Read: BRICS: The Beginning of the End for the US Dollar? According to Goldman Sachs, BRICS members China and India could overtake the U.S. GDP by 2075. The global investment bank predicts that India could overtake the U.S. GDP pushing it to the third spot in the next 50 years. Read here to know how BRICS plans to end the U.S. dollar’s supremacy by targeting America’s 10 financial sectors. Below is the break-up of the world’s biggest economies in 2075, predicted by the leading investment bank. China: $57 trillion India : $52.5 trillion United States: $51.5 trillion Also Read: US Economy Added $10 Trillion in Debt in...

India is the odd one out in the BRICS group as the nation is worried that China is using the alliance to lay emphasis on its self-interest. China could be using BRICS as a stepping stone in its quest for global domination. The Chinese power prowl is evident as the Xi Jinping administration is accepting the Chinese Yuan for cross-border transactions. The Communist nation is benefiting from the U.S. sanctions against Russia by convincing other countries to settle trade in the Chinese Yuan. Amidst the heels of China’s dominance, India ’s Foreign Minister S. Jaishankar made a revelation about the formation of BRICS currency. Also Read: 6 New Countries To Join BRICS Alliance in August Summit BRICS: India Could Back Out From Launching the BRICS Currency Source: Tutwa Consulting Group India is the only country in the BRICS bloc that is doing financially well in terms of GDP growth. The country can survive without BRICS and needs support from the Western powers through tra...