Tuesday, 02 January 2024 12:17 GMT

BRICS Summit In India: PM Modi Welcomes World Leaders Ahead Of Meeting, Expresses Confidence In Positive Discussions


(MENAFN- Live Mint) Ahead of the BRICS Summit in New Delhi, Prime Minister Narendra Modi shared a video featuring Sanskrit shlokas, saying there is "full confidence" that the gathering of global leaders will see positive and meaningful discussions on various issues, with aspirations for global welfare.

In a post on X, PM Modi wrote, "In the coming days, leaders from around the world will gather for the BRICS Summit." He added, "One should converse only with the virtuous, act in concert only with the virtuous. One should engage in debate and friendship only with the virtuous, and nothing whatsoever with the unvirtuous."

Quick answers to key questions

.5 QUESTIONS1What is the main focus of the discussions at the BRICS Summit in New Delhi?⌵

The BRICS Summit in New Delhi is expected to focus on enhancing cooperation in areas such as defense, energy, technology, pharmaceuticals, food security, and strategies to improve global supply chains amidst geopolitical tensions.

2Why is Vladimir Putin's participation significant at the BRICS Summit?⌵

Putin's participation is significant as it marks his first in-person attendance at a BRICS summit outside Russia since the onset of the war in Ukraine, and it aims to strengthen the India-Russia strategic partnership.

3How does India plan to address cross-border payments at the BRICS Summit?⌵

India plans to discuss the linking of central bank digital currencies (CBDCs) among BRICS nations to facilitate faster and more efficient cross-border payments, which is expected to be a key agenda item.

4Should BRICS nations pursue a common currency for trade?⌵

While there have been discussions about creating a common BRICS currency, there has been limited progress due to geopolitical tensions and the complexities involved in integrating different financial systems.

5What notable leaders are attending the BRICS Summit?⌵

Notable leaders attending the BRICS Summit include Xi Jinping of China, Vladimir Putin of Russia, Cyril Ramaphosa of South Africa, and leaders from Iran, Egypt, Indonesia, and others.

PM Modi to meet Russian President ahead of BRICS

PM Modi is expected to meet Russian President Vladimir Putin on Friday, after the Russian leader arrived in the capital earlier today, ahead of the two-day summit that gets underway on Saturday. According to ANI, the bilateral meeting is expected to cover ways to strengthen trade ties, improve cross-border payment systems, ensure energy security, and explore potential solutions to ongoing geopolitical conflicts in Eastern Europe and West Asia.

A Kremlin statement said Russian President Vladimir Putin is scheduled to address the plenary session of the annual BRICS Business Forum on Friday. The forum typically takes place ahead of the leaders' summit and brings together business representatives from BRICS nations. On Saturday, Prime Minister Narendra Modi will attend the BRICS Summit, which is also expected to be attended by several world leaders, including Chinese President Xi Jinping.

India hosts BRICS Summit

2026 marks India's fourth time taking over the BRICS chairship. This year's summit is centred on the theme "Building for Resilience, Innovation, Cooperation and Sustainability.” The theme underscores India's efforts to build on BRICS' existing achievements and improve the group's institutional effectiveness. It puts development, sustainability and innovation at the core of the agenda, while also reflecting the priorities of the Global South. India aims to further strengthen BRICS as a constructive forum focused on finding practical solutions.

The BRICS summit in New Delhi is being held amid a challenging global economic environment, shaped by the ongoing Russia-Ukraine war, the crisis in West Asia, particularly the blockade of the Strait of Hormuz, and the Trump administration's trade and tariff policies.

This story will be updated with additional details.

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