Narendra Modi: BRICS is half world population, 40% global GDP
Prime Minister Modi addressed the BRICS Business Forum in India, highlighting how the group, Brazil, Russia, India, China, and South Africa, now represents one-half of the world's population and 40% of global GDP.
He emphasized that BRICS economies have grown 4.5 times recently, way ahead of the global average, and said BRICS nations are also emerging as key hubs for global innovation and solutions.
Modi unveils startup fund, MSME portal
Modi shared India's focus on building resilient supply chains and expanding sectors like semiconductors and quantum tech.
He proudly mentioned UPI's success in handling one-half of all real-time transactions worldwide.
To boost teamwork among BRICS nations, he announced a Startup Innovation Fund and MSME Portal to help businesses grow together.
Since 2014, India has entered into free trade agreements with nearly 40 countries.