BRICS is an acronym that represents a group of five major emerging economies: Brazil, Russia, India, China, South Africa and recently included Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates. These countries are known for their significant influence on regional and global affairs due to their large populations, substantial landmass, and rapidly growing economies.
The Group of Seven, commonly known as the G7, is an intergovernmental organization consisting of seven of the world's most advanced and economically powerful democracies. The member countries of the G7 are: Canada, France, Germany, Italy, Japan, United Kingdom, United States.