Dr. Syama Prasad Mookerjee Research Foundation

Salient points of Press Statement by PM Modi’s following the 8th BRICS Summit

• Through common vision and collective action, we will create and sustain deeper bonds among BRICS nations

• We have just concluded the eighth BRICS Summit. Honour to welcome the BRICS leaders to the beautiful state of Goa

• Our discussions that spread over three sessions today were detailed substantive and productive

• In order to further bridge the gap in the global financial architecture, we agreed to fast track the setting up of a BRICS Rating Agency

• Happy to share that we have adopted the Goa Declaration that lays down a comprehensive vision for our cooperation

• Unanimous in recognizing threat that terror, extremism & radicalization present to regional & global peace, stability & economic prosperity

• We recognized the positive contribution of BRICS countries to global economic growth after the 2008 financial crisis

• We feel that it is necessary for economies to make public investments in long term infrastructure projects, coordinate macro-economic policy, drive growth, and promote world trade and manufacturing with renewed vigour

• We agreed to focus on institution building within the BRICS as an effective way to pursue our development agenda

• The vitality of people-to-people contacts among the BRICS countries has been a point of emphasis for us

• As home to nearly two third of humanity, BRICS and BIMSTEC together can potentially unlock immense synergies with huge benefits for all our people

Author

(The views expressed are the author's own and do not necessarily reflect the position of the organisation)