BRICS members have similar approach to governance of global economy: PM

It is matter of happiness that membership of BRICS' New Development Bank has increased, says PM Modi

PM Modi

(Photo: ANI)

New Delhi
The BRICS member nations have a similar approach to the governance of the global economy and mutual cooperation can make a useful contribution to the post-Covid economic recovery, Prime Minister Narendra Modi said on Thursday.
The Prime Minister said this in his opening remarks at the virtual BRICS annual summit in presence of Chinese President Xi Jinping, Russian President Vladimir Putin and top leaders of Brazil and South Africa. The summit is being hosted by China as the Chair for this year.
The BRICS (Brazil-Russia-India-China-South Africa) brings together five of the largest developing countries of the world, representing 41 per cent of the global population, 24 per cent of the global GDP and 16 per cent of the global trade.
"Our mutual cooperation can make a useful contribution to the global post-Covid recovery," Modi said.
He said the structural changes undertaken in the BRICS in the last few years increased the influence of the grouping.
It is a matter of happiness that membership of the New Development Bank (NDB) has increased, Modi said adding cooperation among the member countries has benefitted their citizens.

Also Read

First BRICS Sherpas meeting of 2022 held under Chinese chairship

FMs, central bank guvs of BRICS nations vow to deepen financial cooperation

Actively support Russia's move to expand BRICS bloc, says China

BRICS meet: NSAs discuss new threats and challenges to national security

14th BRICS summit to review current global issues, reach key agreements

PM Modi urges industry to set up long-term export targets, 'double efforts'

AI adoption to add $500 billion to India's GDP by 2025: Nasscom report

Indian economy to grow by 7%-7.8% in FY23 despite global headwinds: Experts

India aims to keep FY23 fiscal deficit at last year's level: Report

Account aggregator system for credit access all set to onboard GSTN, PSBs

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Jun 23 2022 | 6:30 PM IST

Explore News