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ALL INDIA RADIO (AIR) DISCUSSION

THE 12TH BRICS SUMMIT – GLOBAL STABILITY, SHARED SECURITY AND INNOVATIVE GROWTH
The Topic covers GS paper 2 [Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests]

Key highlights from PM Modi's address at the 12th BRICS Summit

Context

  • Recently, the Prime Minister Shri Narendra Modi addressed a virtual summit of the BRICS grouping which focussed on economic recovery amid the Covid-19 pandemic.

  • The 12th edition of BRICS Summit was hosted by Russia under the theme of 'Global Stability, Shared Security and Innovative Growth'.

What are the key Highlights of the summit?

  • The summit’s agenda includes intra-BRICS cooperation, key global issues such as reforming the multilateral system, measures to mitigate the impact of the pandemic, counter-terrorism cooperation, trade, health and energy.

  • BRICS will play an important role in significant geo-strategic changes which are taking place all over the world and will continue to impact the stability, security and growth.

  • Terrorism is the biggest menace the world is facing today but the BRICS Counter-Terrorism Strategy has been finalized under the presidency of Russia which is a notable achievement.

  • The objective of BRICS counter-terrorism cooperation is to complement and strengthen the existing bilateral and multilateral ties among the BRICS countries.

  • BRICS economies will play a prime role in the post-COVID global recovery. 

  • Under India's presidency in 2021, India will try enhancing intra-BRICS cooperation by strengthening all the three pillars.

  • India will endeavor to enhance intra-BRICS solidarity and develop a solid institutional framework for this purpose.


Conclusion

  • BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa.

  • The first BRICS Ministerial Meeting was held at the proposal of Russian President Vladimir Putin on the margins of a UN General Assembly Session in New York.

  • South Africa began efforts to join the BRIC grouping and on December 24, 2010, was invited to join BRICS.