PM to lead India in showcasing economic might at BRICS summit

Brasilia, Brazil (NVI): Led by Prime Minister Narendra Modi, India is all set to showcase its economic might and prospects at the two-day 11th BRICS summit commencing here from 13th November.

This will be the sixth time that Modi will be participating at the BRICS summit, whose theme of this year is “Economic Growth for an Innovative Future.” He first attended BRICS summit was at Fortaleza in Brazil in 2014.

A large business delegation from India is also expected to be present during the visit especially to attend the BRICS Business Forum where the business community of all five countries of Brazil, Russia, India, China and South Africa are represented.

BRICS brings together five major emerging economies comprising 42 percent of the world’s population, having 23 percent of the global GDP and around 17 percent of the share and world trade.

Prime Minister is scheduled to hold separate bi-lateral meetings with the Russian President Vladimir Putin and the Chinese Premier Xi Jinping apart from the BRICS business forum closing ceremony and the closed & Plenary Sessions of the XI BRICS Summit.

In the closed session, the discussions are expected to be focused on challenges and opportunities for the exercise of national sovereignty in the contemporary world. This will be followed by the BRICS Plenary Session where the leaders will discuss the intra BRICS cooperation for the economic development of BRICS societies.

Thereafter Prime Minister shall participate in the meeting of the BRICS leaders with BRICS Business Council where in the Chairman of the Brazilian BRICS Business Council and the President of the new Development Bank are expected to submit reports.

Immediately thereafter a BRICS MoU between Trade and Investment Promotion agencies will be signed. On the conclusion of the summit leaders will issue a joint declaration.

-sb