The five-country group faces challenges arising from bilateral differences and diverse political systems
The leaders underlined the imperative that international organisations be fully driven by member states and promote the interests of all
PM addressed the plenary session of the meet, where he highlighted issues including trade, investment, terrorism, water management and multilateralism
Dmitriev said the five BRICS nations had also discussed creating a common cryptocurrency for mutual payments as the grouping was reducing the share of payments in the U.S. dollar.
Noting that India has "limitless" possibilities and "countless" opportunities, he urged the BRICS business leaders to take advantage of them
China, Russia, India, Brazil and South Africa called for greater inter-BRICS trade and investment.
India has political stability, predictable policy: Prime Minister tells business leaders.
The prize was awarded to Prakash, who hails from Bihar
The BRICS countries will also look to enhance cooperation on digital economy and build mechanisms for counter-terrorism cooperation within the BRICS framework, Modi said.
Through a network of high level and working group meetings, the BRICS agenda has expanded considerably to include issues of mutual concern.
The better-than-projected economic performance of China and India over the past two decades contrasts with disappointing results in Brazil, Russia, and South Africa
Both India and China are part of BRICS - an association of five major emerging national economies including Brazil, Russia and South Africa
PM Modi meets President Putin; discusses issues of mutual interests
The Shanghai-based NDB - floated by Brazil, Russia, India, China and South Africa (BRICS) - is headed by renowned Indian banker K V Kamath
The leaders of the five nations pledged to strive to promote international anti-corruption cooperation and strengthening of legal frameworks
The leaders reiterated their commitment to working together to strengthen multi-lateralism and promote a fair, just, equitable, democratic and representative international order
Moody's says the system, as a whole, is unprofitable due to high credit costs at dominant state-owned banks
The MoU was signed on August 3, 2018, during BRICS Labour and Employment Ministers (LEM) meeting held under the South African Presidency in Durban, South Africa
The MoU identifies various areas of cooperation, including air quality, water, biodiversity, climate change and waste management
The nations also called on all WTO members to abide by WTO rules and honour their commitments in the multilateral trading system