Read: Narendra low profile chainsaw chains Modi gifted Chinese translations of ancient Indian textsExternal affairs ministry spokesperson Vikas Swarup during a media briefing said “(Modi’s address to the BRICS Leaders Meeting) tells you how strongly the prime minister intervened on the issue of terror and how be believes that this really is the central challenge facing the moment and unless we have collective approach to this, it will not be possible for us to defeat this.Earlier in his brief address, Modi said: “We, as BRICS, are an influential voice in international discourse.”The four other leaders who participated in the meeting of the five-member bloc included new Brazilian President Michel Temer, Russian President Vladimir Putin, Chinese President Xi Jinping – with whom Modi held bilateral talks earlier, and South African President Jacob Zuma.They concurred that the global economic recovery faces significant downside risks and underlined the significance of macroeconomic policy coordination among G20 member countries to achieve sustainable and balanced growth.BRICS brings together five major emerging economies, comprising 43 per cent of the world’s population, having 37 per cent of the world GDP and 17 per cent share in the world trade.Describing BRICS as “an influential voice” in international discourse, Modi said it was the grouping’s shared responsibility to shape the global agenda and help developing nations achieve their objectives.
It will be an opportunity to deepen our ties and with BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) countries.Leading from the chair, Modi in his hard-hitting address to the BRICS Leaders Meeting here said “terrorists in South Asia, or anywhere for that matter, do not own banks or weapons factories”.Stressing that an effective global financial architecture is crucial to achieve growth, they underscored that “the IMF quotas do not reflect present day’s global economic realities.”We’ve taken BRICS out of capitals to involve people from all walks of life.Swarup also said it was important to have informal discussions with other BRICS leaders ahead of the grouping’s 8th annual Summit in Goa from October 15-16.. “In this regard, they welcomed the G20 Blueprint on Innovative Growth,” it said.”Our summit next month would not only be an opportunity to deepen ties with ourselves, we will also interact with India’s neighbouring countries of BIMSTEC – Nepal, Bhutan, Bangladesh, Sri Lanka, Myanmar and Thailand, who have been invited for the outreach summit.Use of social media to promote radical ideology is “increasing (the) dimension of this threat”, he added.
It is, therefore, our shared responsibility to shape the international agenda.According to the joint statement, BRICS leaders recognised that member countries were confronted with “new challenges in their respective economic growth”.”Our shared responsibility to shape international agenda in manner that helps developing nations achieve their objectives,” he said in this picturesque eastern Chinese city on the sidelines of the G20 Summit.He said terrorism remains the “primary source of instability and the biggest threat” to our societies and countries and the supply chains have a global reach.Modi said terrorism remains the ‘primary source of instability and the biggest threat’ to our societies.”Later, a joint statement issued by the grouping said: “The leaders strongly condemned the heinous acts of terrorism that continue to disrupt global peace and security and undermine social and economic confidence. We welcome you all to Goa next month,” Modi said concluding his address.””They expressed deep sympathy and support to the innocent victims of terror acts and condemned recent terrorist attacks in various cities of the world,” it added.Modi said “‘Building Responsive, Inclusive and Collective Solutions’ is the theme we have chosen which mirrors central priorities at G20 Summit”.BRICS recognised innovation as a key driver for mid and long term growth.Read: Must respect each other’s strategic interests, concerns: Modi tells China”Clearly, someone funds and arms them and BRICS must intensify joint efforts not just to fight terror but to coordinate actions to isolate those who are supporters and sponsors of terror,” he said, without naming Pakistan.But the reference was clearly aimed at Islamabad – a close ally of China.Hangzhou: India on Sunday called on other BRICS members to intensify joint efforts to combat terrorism as Prime Minister Narendra Modi, in an apparent reference to Pakistan, demanded “coordinated actions” by the grouping to “isolate supporters and sponsors of terror”.The leaders underlined the importance of strengthening BRICS strategic partnership “guided by principles of openness, solidarity, equality, mutual understanding, inclusiveness and mutually beneficial cooperation”.”They urged G20 member countries in collaboration with IMF to step up efforts to increase the institution’s quota resources and review the distribution of quotas and votes to ensure fair reflection of emerging and developing economies.
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