PM Modi Highlights BRICS’ Rapid Economic Growth, Calls for Collective Global Solutions

Prime Minister Narendra Modi addressed the BRICS Business Forum in New Delhi today, highlighting the significant economic growth achieved by BRICS countries over the past two decades and calling for stronger collective action to address global challenges.

The forum was attended by Russian President Vladimir Putin, Iranian President Masoud Pezeshkian, South African President Cyril Ramaphosa and Brazilian Foreign Minister Mauro Vieira, alongside business leaders, policymakers and other stakeholders from BRICS nations.

BRICS GDP Growth Outpaces Global Economy

Addressing the gathering, Prime Minister Modi highlighted the remarkable economic expansion of BRICS countries over the last 20 years. He noted that while global GDP has increased 2.5 times, the GDP of BRICS countries has grown by 4.5 times during the same period.

PM Modi stressed that this economic progress demonstrates the growing significance of BRICS in the global economy and underlined the need to leverage the bloc's collective strength to develop solutions to global challenges.

Focus on Trade, Investment and Innovation

The BRICS Business Forum brings together business leaders, policymakers and key stakeholders from member countries to strengthen cooperation across areas including trade, investment, innovation and sustainable economic growth.

With India hosting the 18th BRICS Summit, the forum provides an important platform for expanding economic partnerships among BRICS nations and creating new opportunities for businesses.

Building Resilient Value Chains and Creating Jobs

The discussions also underscore the shared priorities of BRICS countries in building resilient supply and value chains, promoting inclusive economic growth and generating employment opportunities, particularly for young people.

India's BRICS presidency is placing emphasis on strengthening economic cooperation while encouraging greater participation from businesses and entrepreneurs across member countries.

The BRICS Business Forum thus reflects the group's broader effort to deepen economic partnerships and enhance cooperation towards a more resilient, inclusive and sustainable global economy.