Prime Minister Modi endorses BRICS expansion and emphasizes India’s Global South commitment at the 15th BRICS summit. The summit focuses on development, collaboration, and global challenges.
PM Modi’s Call for BRICS Expansion and Global South Priority
At the 15th BRICS summit’s opening plenary session in Johannesburg, Prime Minister Narendra Modi voiced support for expanding the five-nation bloc and highlighted India’s commitment to the Global South under its G20 presidency.
Backing BRICS Expansion
Prime Minister Modi endorsed the expansion of BRICS and welcomed consensus-based efforts to advance this initiative. He stressed that India stands firmly behind this expansion, which includes Brazil, Russia, India, China, and South Africa.
BRICS: A Collective of Developing Giants
BRICS unites five of the world’s largest developing countries, representing 41% of the global population, 24% of global GDP, and 16% of global trade. A noteworthy 23 countries, including Saudi Arabia, UAE, and Argentina, have expressed interest in joining this influential group.
Global Participation: Strengthening G20 with African Union
India’s Proposal for G20 Membership
Prime Minister Modi proposed permanent G20 membership for the African Union, seeking backing from fellow BRICS partners in the G20. This move aims to enhance global participation and collaboration.
BRICS Journey and Development Impact
PM Modi acknowledged the BRICS summit’s transformative journey over the past two decades. He underscored the pivotal role played by the New Development Bank of BRICS in fostering development across the Global South.
Driving BRICS Agenda Forward
Highlighting India’s proactive approach, PM Modi presented innovative suggestions to invigorate the BRICS agenda. These encompassed themes such as railway research networks, robust cooperation among micro, small, and medium enterprises (MSMEs), creation of an online BRICS database, and support for startup firms. Encouragingly, substantial progress was achieved on these fronts.
Focusing on Key Issues: Intra-BRICS, Multilateral Reform, and Counter-terrorism
The plenary session delved into crucial intra-BRICS matters, multilateral system reform, and strategies to combat terrorism. The summit aimed to foster mutual understanding and cooperation among the member nations.
In conclusion, Prime Minister Modi’s participation in the BRICS summit underscores India’s commitment to BRICS expansion, the Global South’s development, and collective progress on significant global issues.