Panjim: The eighth BRICS Summit 2016, an association that groups five major emerging economies kicked off in Goa on Saturday. The five BRICS countries — Brazil, Russia, India, China and South Africa — represent over 3.6 billion people, or half of the world population and they have a combined GDP of $16.6 trillion.
Highlighting boosting economic growth, improving global governance and pushing BRICS cooperation, the Goa summit is expected to produce common solutions that are effective and inclusive.
The summit is drawing a lot of attention from across the world amid increasing uncertainties about global economic recovery and the rising anti-globalisation sentiment in the West.
Prime Minister Narendra Modi, who held a bilateral meeting with Russian President Vladimir Putin earlier on Saturday and was to meet other leaders on the sidelines of the summit, said they will discuss ways to address “pressing international and regional challenges that stand in the way of our goals”.
India is likely to push for unity among the BRICS members to remove the logjam at the UN on the Comprehensive Convention on International Terrorism (CCIT) for effectively dealing with terrorism.
The BRICS leaders are scheduled to engage in dialogue with counterparts from members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation to boost regional cooperation.
(With inputs from PTI)
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