India Fully Supports the Expansion: says Prime Minister Modi

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As leaders of the five major emerging economies converge for the second day of the ongoing BRICS summit, India’s Prime Minister Narendra Modi said India “fully supports the expansion” of the BRICS group. “We welcome moving forward with consensus on this,” Modi said in his opening statement.

Earlier, analysts suggested that India and Brazil, which happen to be two countries that traditionally put non-alignment at the core of foreign policy, may not be as enthusiastic about expansion as the other member countries; but prime minister Modi’s remarks say otherwise.

Brazil on the other hand was less enthusiastic about the expansion because of fears that it will dilute the group’s influence and President Luiz Inacio Lula da Silva also said the bloc should not seek to rival the United States and G7 economies.

But on Tuesday, President Lula said he wants Brazil’s neighbour and largest trade partner Argentina to be a part of the BRICS group.”It is very important for Argentina to be in BRICS,” Lula said.

“We want BRICS to be a multilateral institution, not an exclusive club,” Lula said. Any new members would need to meet certain conditions, so the group does not become a “Tower of Babel”, he said.

The 3 day summit held in Johannesburg, South Africa was attended by Ramaphosa, Lula, Modi and Chinese President Xi Jinping physically, while Russian President Vladimir Putin attended virtually.

 

 

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