Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with "mission-mode" reforms being undertaken by his government. Speaking at the BRICS Business Forum Leaders' Dialogue in Johannesburg, Modi also said India soon will become a $5 trillion economy.
In a statement released by Pakistan's ministry of foreign affairs, Aziz said that "Modi is misleading his BRICS and BIMSTEC colleagues", after Indian Prime Minister Narendra Modi on Sunday said that Pakistan is the 'mothership of terrorism'.
The joint declaration lists the BRICS nations' consensus on global economy, international financial issues and developmental affairs.
Prime Minister Narendra Modi and Chinese President Xi Jinping were on Thursday seen having brief exchanges ahead of a media briefing by the BRICS (Brazil-Russia-India-China-South Africa) leaders in Johannesburg.
BRICS is the title of an association of leading emerging economies. As of 2012, the group's five members are Brazil, Russia, India, China and South Africa.
Nearly half of the MPs elected in the 2019 general elections in India were first-timers.
Investors recognise India's market growth
BRIC countries -- Brazil, Russia, India and China -- are expected to contribute one-third of the world's GDP increment in 2015, by which time their total economy will surpass America, according to a leading Chinese think tank.
India ranks lower than most BRICS nations in terms of innovation.
The BRICS Summit tonight decided to establish the new development bank with an initial authorised capital of $100 billion.
Modi said South America has tremendous potential.
Sanya was a way station, the real summit is G-20 where India must have a voice of its own.
Condemning strongly the terrorist attack in Paris, India on Sunday made a case for united global effort to combat the menace of terrorism.
Prime Minister Manmohan Singh on Wednesday met Chinese President Xi Jinping on the margin of the BRICS Summit in Durban, in the first structured high-level contact between the two countries since the change of leadership in China.
...although issues like capital, membership and governance are still bogging the plan.
The theme of the Summit is "BRICS Partnership for Global Stability, Security and Prosperity". Prime Minister Dr Manmohan Singh will host President Dilma Rousseff of Brazil, President Dimitry Medvedev of Russia, President Hu Jintao of China and President Jacob Zuma of South Africa at the Summit.
In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China.
Difference between India and other BRICS nations has increased recently as India heads into elections and investors hope the next five years will bring in growth
The agenda is to give a concrete shape to a Development Bank and pitch for reforms of the UN Security Council.
Inflation declined marginally to 7.45 per cent in October even though prices of food items like rice, wheat pulses and potato showed a rising trend.
Group still far from coordinating monetary/forex policy
"The two sides note that the relationship between Russia and China has progressed to a more advanced interstate cooperation compared to the military-political unions of the Cold War era as it is not bloc or confrontational in nature, nor does it target any third countries," Russia's new agency Tass quoted the document as saying.
The pledge was made at an informal meeting of Braliz, Russia, India and China leaders presided over by Prime Minister Manmohan Singh ahead of the opening of the seventh G-20 Summit in this Mexican resort town. Besides India, the other nations in BRICS are China, Russia, Brazil and South Africa.
K V Kamath to take charge of BRICS Bank in July.
Set to get elected next week as China's new President, Xi Jinping will hold his first bilateral meeting with Prime Minister Manmohan Singh on the sidelines of the BRICS (Brazil, Russia, India, China and South Africa) summit to be held later this month in South Africa.
BRIC nations will become the "locomotive" to pull the global economy out of the current crisis as two major countries of the bloc -- India and China -- have suffered least from the downturn, Russian Deputy Prime Minister Sergei Ivanov has said.
The Indian football team's jersey for the Under-17 BRICS Diplomatic Football Cup was unveiled last week. The jersey, coloured in the standard blue hue with a large lotus imprinted on it, has called for strong reactions from Indian football fans.
Prime Minister Narendra Modi has left from Delhi for Brazil to attend the five-nation Brazil, Russia, India, China and South Africa (BRICS) summit slated to be held for two days, starting Monday. Here is his statement ahead of the meet.
Prime Minister's speech at the Plenary Session of the BRICS Summit in New Delhi.
The opening ceremony was held in China's financial capital.
Prime Minister Narendra Modi was all smiles on his first international multilateral engagement. At the BRICS summit, Modi talked tough and said that the five countries -- Brazil, Russia, India, China and South Africa --should show no tolerance towards terrorism.
With Chinese President Xi Jinping listening, Modi said: "We must unitedly fight against it (terrorism), without any discrimination between groups, or countries, sponsors or targeted countries.
External Affairs Minister S Jaishankar, who addressed the virtual meeting on behalf of Prime Minister Narendra Modi, also pointed out that in response to the crisis in Gaza, India has sent 70 tonnes of humanitarian assistance and will continue its relief assistance.
The decision was taken at the BRICS Summit in Durban which also launched a Business Council to encourage investment and trade in member countries and to expand business cooperation.
'No one knows Pak and understands Pak better than China,' Chinese Foreign Minister Wang Yi said.
BRICS nations Brazil, Russia, India, China and South Africa - are not a competitor to the developed countries, China said on Monday ahead of the grouping's next summit in the country in April.
When leaders of the five BRICS nations meet in Durban, there must be some stocktaking to assess exactly what the group wants to become, says Ambassador K C Singh.
Every single one of the BRICS countries has an enormous infr deficit that simply can't be met by a single institution, says WB President.
Pravin Gordhan, the finance minister of South Africa, says that in spite of several crucial issues still under debate, the BRICS bank was born today.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances