Northeast India’s Only English and Hindi Satellite News Channel

India will soon become 5 trillion dollar economy, will be growth engine of world: PM Modi in S Africa

First Published: 23rd August, 2023 7:55 IST

PM Modi said that India has converted the crisis into an opportunity. "We have enforced reforms in mission mode, removed the red tape and have seen a boost in investor confidence."

In his address at the BRICS Business Forum Leaders’ Dialogue in Johannesburg, Prime Minister Narendra Modi said on Tuesday that India will soon be a 5 trillion dollar economy and in the coming years will be the growth engine of the world.

He expressed gratitude towards South African President Cyril Ramaphosa for inviting him and organizing the meeting.

“My heartiest congratulations on the 10th anniversary of the BRICS business council. In the last 10 years, the BRICS Business Council has played a vital role in enhancing our economic cooperation,” PM Modi said. 

BRICS came as a ray of hope for the world economy in 2009 when it was first held. 

“In 2009, when the first BRICS Summit was held, the world was just coming out of a massive financial crisis. At that time, BRICS emerged as a ray of hope for the global economy. In the present times also, amongst the Covid pandemic, tensions and disputes, the world is dealing with economic challenges and in such times, once again the role of BRICS is important,” he added. 

PM Modi said that India has converted the crisis into an opportunity. “We have enforced reforms in mission mode, removed the red tape and have seen a boost in investor confidence.”

Prime Minister Modi attended BRICS Business Forum Leaders’ Dialogue in JohannesburgSouth Africa on Tuesday. Leaders of BRICS Countries Brazil, Russia, India, China, and South Africa were also present at the Business Forum. 

PM Modi arrived in South Africa earlier today, where he will attend the 15th BRICS Summit in Johannesburg from August 22-24 at the invitation of the country’s president Matamela Cyril Ramaphosa.

PM Modi said he looks forward to holding bilateral meetings with “some of the leaders present in Johannesburg“.

BRICS has been pursuing a solid cooperation agenda across various sectors. We value that BRICS has become a platform for discussing and deliberating on issues of concern for the entire Global South, including development imperatives and reform of the multilateral system,” the PM said in a statement.

BRICS is a grouping of the world economies of Brazil, Russia, India, China, and South Africa.

The BRICS summit is being held from August 22-24. This will be PM Modi‘s third visit to South Africa and the trip marks the 30th anniversary of the diplomatic relationship between India and South Africa.

This year’s BRICS is under the presidency of South Africa. The theme of this year’s summit is: “BRICS and Africa: Partnership for mutually accelerated growth, sustainable development and inclusive multilateralism.” This will be the first in-person BRICS Summit after three consecutive years of virtual meetings owing to the Covid-19 pandemic. (ANI)

Also Read: ‘Chandrayaan 3, India’s Moon mission: landing time, its overall cost and more



Delhi CM Kejriwal and his family cast their vote, appeals for vote against dictatorial thinking

Before he cast his vote, the Delhi CM urged voters to come out and support his party which he said was standing against dictatorial thinking.

25th May 2024
Over 20 passengers injured in turbulence on Singapore Airlines flight being treated for spinal injuries, hospital says

Of the total 71 passengers who were reported injured on the plane, 55 remain in hospitals, including 40 at the Samitivej Srinakarin facility, according to a CNN report.

24th May 2024
Another Indian student dies in US, this time in bike accident in New York

Shri Belem Atchyuth was a student at the State University of New York.

24th May 2024
The Impact of Music Genres on Games

This text explores how different music genres uniquely inspire the themes and aesthetics of slot games, creating a captivating synergy that enhances gameplay and immersion.

23rd May 2024
Nawazuddin Siddiqui’s brother arrested in forgery case

Allegations surfaced in December that Ayazuddin had submitted a forged letter from the DM Court regarding a farming land dispute with his opponent, Javed Iqbal.

23rd May 2024