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Despite recession at the global level, BRICS countries accelerated economic growth, drove millions out of poverty: PM

Published By : Admin | November 14, 2019 | 11:23 IST
Intra-BRICS trade and investment targets should be more ambitious: PM
India is the world's most open and investment friendly economy due to political stability, predictable policy and business friendly reforms: PM
Prime Minister Shri Narendra Modi addresses BRICS Business Forum

Prime Minister Shri Narendra Modi addressed the BRICS Business Forum, on the sidelines of BRICS Summit in Brazil today. Heads of states of other BRICS countries, also addressed the Business Forum.

Speaking on the occasion, PM Shri Narendra Modi said that BRICS countries account for 50% of the world's economic growth. Despite recession at the global level, BRICS countries accelerated economic growth, drove millions out of poverty and achieved new breakthroughs in technology and innovation, he added.

Prime Minister wished that Intra-BRICS trade and investment targets should be more ambitious and invited their suggestions to further reduce the cost of trade between the BRICS countries. PM also suggested that by the next BRICS Summit, at least five areas should be identified in which joint ventures can be formed between the BRICS countries on the basis of complementarities. 

Prime Minister said that Important initiatives such as innovation BRICS Network, and BRICS Institution for Future Network will be considered for discussions during the summit tomorrow. He requested the private sector to join these efforts focused on human resources. He also suggested that the five countries should also consider a Mutual Social Security Agreement. 

Prime Minister said that India is the world's most open and investment friendly economy due to political stability, predictable policy and business friendly reforms. 

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Prime Minister pays tributes to NTR Garu on his birth anniversary
May 28, 2026

The Prime Minister, Shri Narendra Modi, paid tributes to NTR Garu on his birth anniversary.

The Prime Minister said that NTR Garu is fondly remembered for his commitment towards public welfare and governance which ensured dignity for the poor and marginalised.

The Prime Minister also noted that NTR Garu’s contributions to cinema continue to captivate generations and said that his life and ideals remain a source of immense inspiration.

The Prime Minister wrote on X;

“Tributes to the great NTR Garu on his birth anniversary. He is fondly remembered for his commitment towards public welfare and governance which ensured dignity for the poor and marginalised. His contributions to cinema continue to captivate generations. His life and ideals remain a source of immense inspiration. The NDA Government in Andhra Pradesh, under the leadership of my friend Chandrababu Naidu Garu, is committed to advancing the aspirations he cherished for the people.

@ncbn”