Prime Minister Narendra Modi has emphasized dialogue over discord in India's relationship with China, acknowledging natural differences between the two countries but stressing that stronger cooperation is essential for their mutual interests and global stability. In a podcast with Lex Fridman, Modi highlighted the ongoing efforts to restore normalcy along the border following the 2020 clashes, emphasizing the importance of a stable and cooperative relationship.
Modi is visiting the African country from August 22 to 24 at the invitation of South African President Cyril Ramaphosa. South Africa is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Africa, since 2019.
'We need to be very vigilant as we are passing through some fraught times.'
The members resolved to foster a global economic governance architecture that is more effective and reflective of current global economic landscape
'New Delhi is not naive about its foreign policy choices.'
China's military has said it is willing to work with India to find a solution to the border issue, while also pushing for sound and stable defence ties. The statement comes after recent meetings between officials from both countries to normalize relations following a prolonged period of tension.
China on Tuesday confirmed that it has reached an agreement with India to end the standoff between the two armies in eastern Ladakh.
India expects to see the bank established as soon as possible.
Chinese President Xi Jinping on Wednesday pledged to strengthen the strategic relationships with neighbouring countries by 'appropriately' managing differences and enhancing supply chain ties as China's tariff war with the United States escalated.
The Meeting of BRICS and BRICS Plus High-Level Security Officials is scheduled to be held in St Petersburg from September 10-12.
The joint declaration lists the BRICS nations' consensus on global economy, international financial issues and developmental affairs.
BRIC economies are currently worth around $11-12 trillion.
India on Monday announced it has reached an agreement with China on patrolling along the Line of Actual Control (LAC) in eastern Ladakh, in a major breakthrough in ending the over four-year-long military standoff ahead of a likely meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Russia this week.
The BRICS also called upon all nations to adopt a comprehensive approach in combating terrorism including countering radicalisation and blocking terror financing sources.
National Security Advisor Ajit Doval is likely to travel to Beijing within the next few weeks to lead the Indian delegation at a new edition of the Special Representatives dialogue on the larger boundary question that will be held after a gap of nearly five years, authoritative sources said.
Evidently, something has gone awry in India's regional strategies. Yet, one feels tempted to call this India's "BRICS moment". The Durban summit will show how far India is prepared to go in a new direction. MK Bhadrakumar examines
The BRICS summit offers Modi an excellent platform to reach out to world leaders and conduct diplomacy on the very ticklish issue of reform of the world governance structure, and to exchange notes with his peers on international, regional and bilateral issues on the margins of the meeting, says Rup Narayan Das.
Jaishankar said that both sides also exchanged views on the next steps in the India-China bilateral ties.
Pakistan-based terror groups like the Lashkar-e-Tayiba and the Jaish-e-Mohammed were named on Monday in the Summit declaration of the BRICS countries.
China on Thursday said the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Russia's Kazan on Wednesday carries a "great significance" as they reached an "important common understandings" to improve the bilateral ties.
The fact that the Indian government has allowed the bank to be headquartered in Shanghai merely underlines the fact that this will be a largely Chinese enterprise.
Putin said that the Indian leader had "aptly" noted that it is "not an anti-western one but a non-western one".
India has lodged a "solemn protest" with China over the establishment of two new counties in the Hotan prefecture, as parts of these regions fall within India's union territory of Ladakh. The Indian government asserted that the creation of these counties will not impact its sovereignty over the area and does not lend legitimacy to China's "illegal and forcible" occupation.
Both nations have to find ways to be sensitive to each other's politico-strategic and economic concerns, say Dr Rahul Mishra and Sana Hashmi.
"For instance, you generally buy your military gear from Russia. That's a way to kind of get under the skin of America, if you go to buy your armaments from Russia."
The bank, however, may not start functioning before 2014 and is likely to have substantially less initial paid-up capital than the amount of $240 billion that is doing the rounds currently.
'Don't play the American game... India is too big for a US game.'
Modi put forward new initiatives for the BRICS grouping
'The group commands 85 per cent of the global GDP, and if you are able to convey your point of view effectively to this group then you have reached more or less all the important players that matter.'
If the US' renewed closeness with Pakistan ends up strengthening Pakistan's military, it will clearly show that Washington no longer wants a strong India and could be ready to let China dominate Asia, notes Colonel Anil A Athale (retd).
Noting that India has 'limitless possibilities and countless opportunities', Modi urged the BRICS business leaders to take advantage of them.
'There's no pro-China tilt in BRICS.' 'All these countries want to be close to China, but they are all good friends of India also.'
National Security Advisor Ajit Doval arrived in Beijing on Tuesday to take part in the India-China Special Representatives' talks to be held on Wednesday aimed at restoring the bilateral ties stalled for over four years' due to the military standoff in eastern Ladakh.
China has said that the disengagement of troops in eastern Ladakh by the Chinese and Indian armies is going on "smoothly" following a recent agreement between the two nations.
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'.
Consensus remained elusive on a common BRICS currency as business leaders from the five-bloc nations debated the pivotal issue at a business forum on the periphery of a summit of the five-member bloc being hosted here by South Africa. In their two addresses at the Summit so far, the leaders of Brazil, Russia, India, China and South Africa have made no or scant references to the issue either. "The BRICS Business Forum discussed the international payments system in detail. "Participants also debated the question of whether a BRICS currency is possible or desirable, with strong views expressed both for and against and little consensus reached," Sim Tshabalala, chief executive of Standard Bank Group, told several hundred captains of industry from the partner countries and over 40 other nations across the globe at the Summit.
'The BRICS anthem has to necessarily be an anthem of Vedic times -- Walk together, Dream together, Achieve together.' 'And who knows it better than Modi?' says Tarun Vijay.
Chinese Foreign Minister Wang Yi said on Friday that India-China relations have made positive strides and achieved a series of encouraging outcomes at all levels after last year's breakthrough ending the over four-year-long military standoff in eastern Ladakh. Wang's remarks came during his annual press conference as he replied to a question on how Beijing views the course of bilateral ties after the two countries ended the prolonged stalemate in the ties.
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.
Prime Minister Manmohan Singh arrived in Sanya, China on Tuesday at the Phoenix International Airport to attend the BRICS Summit that will see the formal induction of South Africa as the fifth member of the emerging economies group, which already has Brazil, Russia, India and China as members.
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