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  

Photo: PIB

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

“The focus area is to minimise pendency, do more quality work”

The functioning of a national commission, be it NHRC, NCSC or NCST, depends on its head. Being the chief information commissioner (CIC), what is your vision for CIC?  And what has been your experience so far? The chief information commissioner and ten informa

CIC’s changing status quo

With the help of Right to Information (RTI), the common man not only has the right to know, but also the right to question those in power. This is the foundation of democracy,” said prime minister Narendra Modi at the tenth anniversary celebrations of the Central Information Commission (CIC)

Do you think the fiscal year should be from January to December?

Do you think the fiscal year should be from January to December?

Will Delhi see the highest ever turnout in the upcoming civic polls?

Historically, voter turnout for local elections has lagged behind state assembly elections and general elections.    For example, a recent report by Janaagraha shows that Surat recorded 40 percent voter turnout in local polls, 30 percent less than state elections

Women sensitized about their rights

 A group of women were sensitized about their rights at a workshop held in the national capital on Saturday. They were informed about the anti-harassment laws and legal provisions to safeguard women inside and outside their workplace.   The workshop – organ

AAP’s uncertain future, irony of being Advani, and an author seeks freedom of speech

The Narendra Modi- Arvind Kejriwal antagonism has always been about two different kinds of populism. While it may not play out in a municipal election, the fact remains that a Kejriwal chastened by Goa and Punjab faces a mid-term test in the municipal elections. For a politician harbouring intentions of



Video

एमसीडी चुनावों में भी मोदी लहर कायम - एग्जिट पोल

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter