09/11/2026
At Business Forum, Modi Sets Ambitious Economic Targets
Key Points
* BRICS turns 20: The grouping has expanded from four founding members in 2006 to a 21-country family, including partners.
* Growing economic weight: represents 50% of the global population, 40% of global and over 25% of global trade.
* Faster growth: BRICS economies have grown 4.5 times in two decades, compared with around 2.5 times for the global economy.
* India’s BRICS vision: India’s presidency is focused on Resilience, , Cooperation and Sustainability.
* India as a hub: highlighted opportunities in semiconductors, shipbuilding, quantum , critical minerals and biotechnology.
* Startup power: now has 200,000+ startups and 120+ unicorns, with BRICS cooperation aimed at taking innovations to global markets.
* UPI goes global: Modi said UPI-powered technology accounts for 50% of the world’s real-time payments.
* Reduce barriers: India called for greater economic integration and fewer barriers to trade among BRICS countries.
* New BRICS initiatives: India has launched cooperation platforms covering agriculture, healthcare, skills, smart grids, startups and MSMEs.
* Maritime security: Modi stressed the importance of secure sea lanes, open supply routes, freedom of navigation and safety of seafarers.
* Women in business: Nearly 200 women business leaders participated in the BRICS Women’s Business Alliance meeting in India.
PM Modi’s 3 Targets for BRICS
1. Remove the top 10 trade barriers among BRICS countries.
2. Help 100 BRICS startups annually expand into other BRICS markets.
3. Create 1,000 new business partnerships across BRICS.
More at | Visit www.thewnn.com | WNN WNN Africa Diplo Shahid Siddiqui Following Ministry of External Affairs, Government of India