Russian President Vladimir Putin on Wednesday praised India’s economic growth under Prime Minister Narendra Modi during the BRICS Summit in Kazan. He also expressed gratitude to Modi for his participation in the three-day summit.
Putin highlighted that while all countries discuss the importance of achieving high economic growth, India has been successfully accomplishing it for several years.
“All of us talk about the need to ensure high economic growth rates; you (Modi) manage to do this successfully,” he remarked.
Putin further emphasized that India’s achievement of 7.5% economic growth sets an example for other nations.
“We congratulate you on these results — 7.5% growth; this is an example for many of us,” he said, adding, “Thank you for your initiatives.”
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India’s economy is projected to grow by 7% this year and 6.5% in 2025.
BRICS, which includes Brazil, Russia, India, China, and South Africa, has now expanded with the addition of five new members: Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
Putin’s comments came as a senior official from the International Monetary Fund noted that India continues to be the fastest-growing economy in the world, highlighting the country’s strong macroeconomic fundamentals.
After meeting Chinese President Xi Jinping for a bilateral discussion, Prime Minister Narendra Modi departed from Russia for New Delhi.
During the meeting, PM Modi emphasized the importance of India-China relations for global peace.
“This is our first formal meeting after five years. Excellency, we welcome the agreements that we have reached over the border. Maintaining peace and tranquillity over the border should remain our priority, and mutual trust, mutual respect, and mutual sensitivity should remain the basis of our relationship. I am confident that we will hold talks with an open heart and our discussions would be constructive,” PM Modi stated during the meeting.
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