BRICS Summit 2024 Arrivals

Prime Minister Narendra Modi arrived in Kazan, Russia, on October 22, 2024, to attend the 16th BRICS Summit. The summit is being held under the chairmanship of Russia from October 22-24. During his visit, PM Modi is expected to hold bilateral meetings with leaders from BRICS member countries and invited nations.

https://newshedline643.blogspot.com/2024/10/brics-2024.html

Key Developments

1. Warm Welcome: PM Modi received a warm welcome at a hotel in Kazan, Russia, with Russian nationals performing a soulful rendition of a Krishna bhajan (devotional song). The gesture highlights the shared appreciation for spirituality and cultural heritage between the two nations. PM Modi expressed his gratitude, acknowledging the significance of such gestures in fostering international relations.
2. Bilateral Meetings: PM Modi is scheduled to hold bilateral meetings with Russian President Vladimir Putin, Chinese President Xi Jinping, and other global leaders, including Turkish President Recep Tayyip Erdogan and Iranian President Masoud Pezeshkian.
3. BRICS Summit Agenda: The summit is expected to adopt the Kazan Declaration, outlining future BRICS cooperation. The declaration will focus on promoting global multipolarity, addressing global challenges, and strengthening cultural exchanges, especially in the field of Indian studies and cinema.
4. Putin's Meetings: Russian President Putin will greet delegations from 36 countries, including 22 heads of state, and six international organizations. He will also meet with UN Secretary-General Antonio Guterres, who will be making his first visit to Russia in over two years.

BRICS Significance

1. Economic Growth: BRICS's share of global GDP is forecast to rise to 37% in the years to come, making it a significant economic bloc.
2. Counterbalance to Western Clout: The summit aims to demonstrate the failure of U.S.-led efforts to isolate Russia over its actions in Ukraine, with Putin seeking to turn BRICS into a rallying point for defying the Western liberal order.

India's Perspective

1. Immense Importance: PM Modi emphasized India's attachment to BRICS, underscoring the grouping's importance in promoting global multipolarity and addressing global challenges.
2. Special and Privileged Strategic Partnership: The PM's visit to Kazan aims to further reinforce the special and privileged strategic partnership between India and Russia.

Historical Context

1. BRIC Origins: The BRIC acronym was coined in 2001 by then-Goldman Sachs chief economist Jim O'Neill in a research paper highlighting the massive growth potential of Brazil, Russia, India, and China this century.
2. Expansion: BRICS expanded to include South Africa in 2010 and further expanded in 2024 with the addition of Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.

Overall, the BRICS Summit 2024 in Kazan, Russia, marks an important milestone in the grouping's evolution, with PM Modi's visit expected to strengthen bilateral ties and reinforce India's commitment to the organization.