BRICS is a multilateral forum made up of five major emerging economies of the world, namely Brazil, Russia, India, China and South Africa
Prime Minister Narendra Modi participated virtually in the 14th BRICS summit on Thursday. He emphasized boosting intra-BRICS cooperation in political, security and economic fields as well as P2P exchanges, EAM spokesman Arindam Bagchi said. Twitter/@MEAIndia
BRICS members have a similar approach to global economic governance and mutual cooperation can make a useful contribution to post-COVID global recovery,” Prime Minister Narendra Modi said in his opening remarks at the 14th virtual annual BRICS summit on Thursday.
Chinese President Xi Jinping, Russian President Vladimir Putin and senior leaders from Brazil and South Africa attended the occasion.
The BRICS leaders met virtually amid the Ukraine crisis and the protracted military clash between India and China in eastern Ladakh. China hosted the summit in its capacity as chair for this year.
“Our mutual cooperation can make a useful contribution to the post-COVID global recovery,” Modi said. He said structural changes undertaken in the BRICS over the past few years have increased the grouping’s influence.
In his remarks, he highlighted several areas of cooperation among BRICS countries. This includes increased connectivity between BRICS youth summits, BRICS sports, civil society organizations and think tanks.
“There are many areas in which, through cooperation between BRICS nations, citizens have benefited. By increasing connectivity between BRICS Youth Summits, BRICS sports, civil society organizations and think tanks, we have strengthened our people-to-people connection,” he said. said.
BRICS has become a platform for discussion and deliberation on issues of common interest to all developing countries. BRICS countries have consistently called for reform of the multilateral system to make it more representative and inclusive.
It is a matter of happiness that the membership of the New Development Bank (NDB) has increased, Modi said, adding that cooperation among member countries has benefited their citizens.
“I am confident that our deliberations today will produce suggestions for further strengthening our ties,” he said.
Earlier on Wednesday, the Prime Minister highlighted the role of BRICS countries in the global focus on post-COVID recovery during the opening ceremony of the BRICS Business Forum.
“The BRICS were created with the belief that this group of emerging economies could become engines of global growth. Today, as the world focuses on post-COVID recovery, the role of the BRICS countries will be very important. “, Modi said in a recording. Scheduled speech.
“India supports innovation in all sectors, including drones, green energy and space. By 2025, the value of India’s digital sector will surpass $1 trillion,” he said. -he declares.
The Prime Minister noted that this year, India expects growth of 7.5%. “Which makes us the fastest growing major economy. Transformative changes are taking place in all sectors of the emerging New India,” he added.
BRICS is a multilateral forum made up of five major emerging economies of the world, namely Brazil, Russia, India, China and South Africa. Together, they represent 41% of the world’s population, 24% of world GDP and 16% of world trade.
With the contribution of the agencies
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