ANI
22 Jun 2022, 19:57 GMT+10
New Delhi [India], June 22 (ANI): India supports innovation across every sector and its digital sector valuations will cross USD 1 trillion by 2025, said Prime Minister Narendra Modi on Wednesday as he underlined the role of BRICS countries amid the global focus on post covid recovery.
The Prime Minister made these remarks at the opening ceremony of the BRICS Business Forum being hosted by China in a virtual mode.
"BRICS was established with the belief that this group of emerging economies could emerge as engines of global growth. Today, when the world is focusing on post covid recovery, the role of BRICS countries will be very important," said PM Modi in a recorded keynote speech.
"India supports innovation across every sector including drones, green energy and space. By 2025, India's digital sector value will cross USD 1 trillion valuations," he said.
The Prime Minister noted that this year India is expecting 7.5 per cent growth. "Which makes us the fastest-growing major economy. Transformative changes are taking place in every sector of emerging New India," he added.
He also emphasised that India's success is based on technology-led growth with innovation and startups. "The government emphasises on 'Ease of Living', building infrastructure with PM GatiShakti, digital transformation and digital economy."PM Modi will be attending the 14th BRICS summit in a virtual mode on June 23-24.
"At the invitation of President Xi Jinping, Prime Minister Narendra Modi will be attending the 14th BRICS Summit hosted by China in virtual mode on 23-24 June 2022. This includes a High-Level Dialogue on Global Development with guest countries on June 24," the Ministry of External Affairs said in an earlier statement.
The summit will host a High-Level Dialogue on Global Development with guest countries on June 24.
BRICS has become a platform for discussing and deliberating on issues of common concern for all developing countries. BRICS countries have regularly called for reform of the multilateral system in order to make it more representative and inclusive.
Discussions during the 14th BRICS Summit will cover intra-BRICS cooperation in areas such as counter-terrorism, trade, health, traditional medicine, environment, ST and innovation, agriculture, technical and vocational educationtraining, and MSMEs.
The discussions are also likely on issues like reform of the multilateral system, combating the COVID-19 pandemic and global economic recovery, amongst others.
Chinese President Xi Jinping will host the High-level Dialogue on Global Development in Beijing on June 24. The Summit will be held in virtual format under the theme of "Foster High-quality BRICS Partnership, Usher in a New Era for Global Development."BRICS is a multilateral forum consisting of five major emerging economies of the world, namely Brazil, Russia, India, China and South Africa. (ANI)Get a daily dose of Birmingham Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Birmingham Star.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
DUBLIN, Ireland: Tánaiste Simon Harris has called on the United States to use every hour to reach a zero-for-zero tariff agreement...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...