New Delhi: At the BRICS Summit, Russian President Vladimir Putin praised Indian Prime Minister Narendra Modi for the country’s economic growth. Putin’s remarks came as a senior official from the International Monetary Fund said that India remains the largest growing economy in the world while observing that the country’s macroeconomic fundamentals are good.
Thanking PM Modi for his participation in the three-day summit at Kazan, Putin said that while all countries talk about ensuirng high economic growth rates, India has already done it. He said that India is setting an example for other countries. India's economy is expected to be 7 per cent this year and 6.5 per cent in 2025. The grouping
"All of us talk about the need to ensure high economic growth rates; you (Modi) manage to do this successfully," Russian President Putin said. "We congratulate you on these results — 7.5% growth; this is an example for many of us,” he noted. “Thank you for your initiatives,” Putin added.
PM Narendra Modi arrived in Delhi after wrapping up his two-day "impactful" visit to Russia where he attended the 16th BRICS Summit and held bilateral meetings with Russian President Vladimir Putin and Chinese President Xi Jinping.
"PM @narendramodi wraps up an impactful visit to Kazan and emplanes for New Delhi," the Ministry of External Affairs (MEA) posted on X. BRICS represents 24 per cent of the global GDP and 41 per cent of the world's population and is often viewed as an economic counterweight to the West. The latest five entrants to the grouping are Iran, Saudi Arabia, Egypt, Ethiopia and the United Arab Emirates (UAE)
What PM Modi Said At BRICS?
In his address at the BRICS Summit on Wednesday, Prime Minister Modi said India supported dialogue and diplomacy and not war and called for resolution of the Russia-Ukraine conflict through peaceful negotiations.
He also flagged concerns over pressing challenges such as wars, economic uncertainty, climate change and terrorism and said the BRICS can play a positive role in taking the world on the right path.
The prime minister strongly pitched for "single-minded" focus and "firm support" of all in combating terrorism, asserting that there is no place for "double standards" to deal with the challenge. He underlined the need to take "active steps" to stop the radicalisation of youths.
On the sidelines of the summit, PM Modi held bilateral talks with several state heads including Chinese President Xi — their first structured meeting in the last five years. In the meeting, PM Modi underscored the need to not allow differences on boundary-related matters to disturb peace and tranquillity along the Line of Actual Control (LAC).