Leverage numbers and strength, Modi tells BRICS nations

Prime minister meets chinese president for the fourth time in last one year

GN Bureau | July 9, 2015


#narendra modi   #brics   #xi   #russia   #india   #china  


Making a strong case for economic cooperation among the BRICS nations, Prime Minister Narendra Modi said today “we need to see our strengths and then cooperate on skill development”.

 “We must strengthen BRICS business council with the leading nations around the world,” Modi said at the BRICS business council meeting in the Russian city of Ufa where the leaders of Brazil, Russia, India, China and South Africa are holding a two-day summit.

The PM also highlighted the need of BRICS for the development of countries. He further said that BRICS Summit has had economic development as its vision. "Collectively, we have an 18 percent share in world trade," he added.

The theme of this summit is ' BRICS partnership: A powerful factor for Global Development', which covers both political and economic issues. However, the emphasis is on economic cooperation.

The Prime Minister will also be participating in the meeting of the Shanghai Cooperation Organisation (SCO). The SCO summit is likely to see India, which is currently an observer of the grouping, acquire full membership.

On the sidelines of the summit, Modi met Chinese president Xi Jinping, for the fourth time in the last one year. It is the fourth bilateral meeting between the two leaders since their first in Fortaleza, Brazil, last July. In September 2014 and May 2015, Xi and Modi visited each others country, respectively.

The Chinese president recalled his meeting with Modi in May in the Chinese city of Xi'an, where the two leaders reached important consensus on enriching the bilateral strategic partnership and forging a closer development partnership.

The agreements reached back then are now being translated into steady progress in bilateral cooperation in such areas as parliamentary exchange, railway, industrial parks and smart cities, Xi said.

The president called on the two countries to make concerted efforts to maintain the positive momentum in the development of bilateral ties and open new prospects for mutually beneficial cooperation.

India in ‘stable growth momentum’: OECD

India gets ‘stable growth momentum’ tag in economic activities by Paris-based think tank OECD, The stable tag is based on Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend. The Organisation for Economic Cooperation and Development (OECD) today said the indicators continue to point to firming growth in the euro area, including France and Italy, and to stable growth momentum in Germany, Japan and India.

India's CLI stood at 99.5 in May and the grouping's latest report is based on readings for that month. Last month, OECD - a grouping of 34 countries - had pegged India's growth to remain "strong and stable" at 7.3 per cent in 2015 on the back of revival in investments.

Comments

 

Other News

“Developing public health infrastructure key to sustainable healthcare for all”

Renowned cardiologist Dr Ramakanta Panda has said that the pandemic has exposed the inadequacy of existing healthcare systems and it is wrong to draw comparisons with Korea, a country with the population equal to that of a single Indian state. While speaking to Kailashnath Adhikari, MD, Gove

SC-appointed panel on farm laws holds first meet

The committee of experts appointed by the supreme court to deliberate with the stakeholders on the new farm laws held its first meeting here Tuesday, with one of its members saying that all stakeholders, including individual farmers, will be heard. Hearing a petition on the farm laws enacted

India’s glitch-free vaccination gathers pace

The nationwide vaccination campaign launched Saturday, the largest such exercise in the world, has started setting new benchmarks, with vaccines administered to 2,24,301 beneficiaries in the first two days. “India has vaccinated the highest number of persons on Day1 under its COVID19 v

Maharashtra to spend Rs 2,500 crore to augment, develop power infrastructure

The Maharashtra government has announced a spending of Rs 2,500 crore annually to develop infrastructure of state-owned distribution company Mahavitaran (MSEDCL).   Out of the total amount, Rs 1,500 crore will be spent on energisation of conventional agriculture pumps and Rs 1,000 crore

Launched: Largest vaccination drive in history

India on Saturday began the massive vaccination drive against Covid-19, as prime minister Narendra Modi paid tributes the ‘corona warriors’. “Such a vaccination drive at such a massive scale was never conducted in history. There are over 100 countries having less than 3 cro

"TV not in business of news; it is in the business of polarisation”

Television news these days has a loose relationship with truth, says senior journalist, columnist and author Vir Sanghvi, adding that it is not telling the truth and polarising opinions. In a live webcast with Kailashnath Adhikari, MD, Governance Now, during the Visionary Talk series held by

Visionary Talk with Dr Ramakanta Panda, VC & MD Asian Heart Institute





Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter