A recent report from Russia's Ministry of Finance and Central University highlights that the accelerated growth of technology companies within BRICS nations could enhance the annual gross domestic product (GDP) by up to $656 billion. Furthermore, improved cooperation among these countries could generate an additional economic impact exceeding $2.7 trillion annually. Ilya Ivaninsky, Director of the Center for Business Education and Analytics, presented these findings during a round table at the 29th St. Petersburg International Economic Forum. The report indicates that BRICS countries are expected to account for nearly 50% of global technology company initial public offerings (IPOs) by 2025, although the majority of these listings will be concentrated in China and India. Russia aims to increase its stock market capitalisation-to-GDP ratio to 66%, viewing capital market development as a crucial driver of economic growth. Additionally, Deputy Finance Minister Ivan Chebeskov emphasized the need for better integration of financial infrastructure among BRICS nations, which could lead to significant economic benefits.