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NATION OCTOBER 25, 2024 | The Indian Eye 6

BRICS SUMMIT

Modi goes to Russia for meeting as Putin says

emerging country’s GDP higher than G-7

It will be PM Narendra Modi’s second visit to Russia in 2024 as he travelled to Moscow

in July to attend the 22nd India-Russia Annual Summit

OUR BUREAU
New Delhi/Moscow
rime Minister Narendra Modi will visit Rus-
sia at the invitation of Russian President
PVladimir Putin from October 22-23 to attend
the 16th BRICS Summit in Kazan.
The BRICS Summit in Kazan is being held un-
der the chairmanship of Russia, according to the
Ministry of External Affairs (MEA). During his
visit, PM Modi is also expected to hold bilateral
meetings with his counterparts from BRICS mem-
ber countries and invited leaders in Kazan.
The MEA said, “The Summit, themed
“Strengthening Multilateralism for Just Global
Development and Security,” will provide an im-
portant platform for leaders to discuss key global
issues.:”
It further said, “The Summit will offer a valu-
able opportunity to assess the progress of initia-
tives launched by BRICS and to identify potential
areas for future collaboration.”
The leaders of BRIC (Brazil, Russia, India,
and China) countries met for the first time in St
Petersburg in Russia in 2006. After a series of
high-level meetings, the first BRIC summit was
held in Russia’s Yekaterinburg in 2009. Prime Minister Narendra Modi exchanges greetings with Russian President Vladimir Putin at their meeting in July (ANI)
BRIC group was renamed as BRICS (Brazil,
Russia, India, China, South Africa) after South on our joint work in implementing the agreements BRICS plays a significant role in the global econo-
Africa was accepted as a full member at the BRIC reached during his visit to Moscow and outline my not only today and that it is quite obvious that
Foreign Ministers’ meeting in New York in Sep- some prospects for the near future.” this role will increase in the future as well.
tember 2010. “Please extend my warmest regards and best He said that the countries that are part of the
BRICS is an important grouping bringing to- wishes to Mr Modi, my good friend,” the state- BRICS are in fact the drivers of global economic
gether the major emerging economies from the ment added. growth. And it is in BRICS grouping that the main
world, comprising 41 per cent of the world popula- It will be PM Narendra Modi’s second visit to increase in global GDP will be generated in the
tion, having 24 per cent of the world GDP and over Russia in 2024 as he travelled to Moscow in July foreseeable future, the Russian President said.
16 per cent share in the world trade. to attend the 22nd India-Russia Annual Summit. According to TASS report, Putin said that
Earlier in September, Russian President Vlad- During his visit to Russia, PM Modi held a bilater- in the year 1992 the share of the Group of Sev-
imir Putin extended an invitation to PM Modi, pro- al meeting with Russian President Putin. en countries is 45.5 per cent while that of BRICS
posing a bilateral meeting on October 22, on the PM Modi was also conferred with Russia’s countries account for 16.7 per cent of global GDP.
sidelines of the BRICS Summit in Kazan. During highest civilian award, the Order of St. Andrew the In 2023, Putin said BRICS accounted for 37.4
the invitation, Putin also referred to PM Modi as Apostle at the Kremlin in Moscow. The two lead- per cent and the G7 is 29.3 per cent. “The gap is
a “good friend.” ers visited the Rosatom Pavilion at the VDNKh widening and it will widen, this is inevitable,” Pu-
The remarks by Putin came while he met Na- Exhibition Centre in Moscow. tin said in his address. Putin stressed that BRICS
tional Security Advisor Ajit Doval on the sidelines The combined share of GDP of countries of plays a significant role in the global economy not
of the BRICS National Security Advisers’ meeting. the BRIC grouping that includes India exceeds only today.
Putin had a meeting with Doval at the Constantine USD 60 trillion, which is more than the corre- The Russian leader stressed that the joint work
Palace in Russia’s St. Petersberg. sponding figure for the countries of the G7 and of BRICS to accelerate socio-economic growth
Quoting President Putin, the Kremlin in a it continues to grow, Russian President Vladimir and ensure sustainable development brings tangi-
statement said, “We will be expecting Mr Modi in Putin told the BRICS Business Forum in Moscow ble results, and actually contributes to improving
Kazan. I also suggest holding a bilateral meeting on Friday. the well-being and quality of life of ordinary citi-
there on October 22 in order to close the books State media TASS cited Putin as saying that zens of countries.

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