Russian President Vladimir Putin praised India’s IT sector at the St. Petersburg International Economic Forum in Russia on Friday, June 5, 2026, calling New Delhi an important partner for Moscow as he argued that BRICS economies are gaining influence over the G7.
Speaking at SPIEF 2026, Putin said India has become one of the leading players in information technology and the global software industry. His comments placed India at the center of Russia’s broader push to strengthen ties with major non-Western economies.
Putin Highlights India’s IT Sector at SPIEF 2026
Putin described India as a key partner for Russia and pointed to the country’s software strength as part of a wider shift in the global economy. The remarks come as Russia continues to emphasize cooperation with India in technology, energy, defense and trade.
For readers in the United States, the comments are significant because they show how Moscow is presenting India as a central player in its long-term economic and diplomatic strategy, especially as Western sanctions and global trade realignments continue to shape Russia’s foreign policy.
BRICS and G7 Growth Claims
During the same forum, Putin said developing countries are playing a larger role in global growth. He claimed BRICS countries accounted for 49% of annual global growth over the past five years, compared with 18% for the Group of Seven.
Putin also said BRICS held 40% of world GDP based on purchasing power parity, while the G7 share was below 29%. These figures were presented as part of Russia’s argument that the Global South is becoming a stronger economic force.
Why the Remarks Matter
Putin’s comments reflect Moscow’s effort to frame BRICS as a counterweight to Western-led institutions. They also underline India’s growing importance in discussions about technology, software, trade and global economic influence.
The remarks are likely to draw attention in Washington because India maintains strategic ties with both the United States and Russia, making New Delhi a closely watched player in global diplomacy.
