11th BRICS summit 2019: Prime Minister Narendra Modi participated in BRICS summit for the sixth time.
11th BRICS summit 2019: Prime Minister Narendra Modi, who visited Brazil to attend the 11th BRICS Summit, met Russian President Vladimir Putin, Chinese President Xi Jinping and Brazilian President Jair Bolsonaro in the capital Brasilia and discussed on various issues.
The BRICS summit 2019 theme is ‘Economic Growth for an Innovative Future’. The five BRICS nations account for almost 50 percent of the world’s economic growth. The BRICS bloc comprises five major developing economies including Brazil, Russia, India, China and South Africa.
While addressing the BRICS Business Forum, PM Narendra Modi stated that the BRICS nations have accelerated economic growth despite global recession and have enabled millions to come out poverty and achieved breakthroughs in technology and innovation.
PM Modi suggested the identification of at least five areas for joint venture between the BRICS nations before the next BRICS Summit. PM Modi also invited suggestions from the BRICS leaders to further reduce the trading cost between the BRICS nations.
The Prime Minister reiterated that India is one of the world’s most open and investment-friendly nations due to business-friendly reforms, political stability and predictable policy.