Prime Minister Narendra Modi on Friday highlighted India’s growing role in the global economy, saying the country is witnessing growth even as the world faces instability and uncertainty.
Addressing the
BRICS Business Forum, PM Modi said, “India is growing when the world is going through instability” and added, “Amid global uncertainties, India today offers a source of confidence for growth and stability.”
On the role of BRICS in the changing global economy, PM Modi said, “BRICS are becoming important centres for global innovations and solutions.” He called for greater collective action from the grouping, saying, “let’s turn BRICS’ ambition into action and collective strength into global solutions. Let BRICS move forward, and take the world forward too.”
Highlighting India’s approach to global trade, PM Modi said, “Today, when trade barriers are rising around the world, India is building economic bridges.”
He also outlined India’s global manufacturing and innovation vision with the message, “Make in India Innovate with India Scale for the World.”
PM Modi underlined the importance of secure maritime routes for the global economy, saying, “Global trade can move forward only when sea lanes are secure, supply routes remain open and seafarers are safe.That is why India is a steadfast advocate of freedom of navigation and the safety of seafarers.”
The Prime Minister also said BRICS is celebrating 20 years this year, with 21 countries in the BRICS family. He said the grouping represents 50% of the global population, 40% of global GDP and 20% of global trade.
