Iran Press/ Africa: Speaking at the BRICS Business Forum Leaders' Dialogue, Modi highlighted that 'mission-mode' reforms has improved the ease of doing business in India and invited businesses to be part of the country's development journey.
Indian prime minister, who is in South Africa to participate in the first in-person summit of BRICS nations since 2019, told the gathering that despite the turmoil in the global economy, India today is the fastest growing major economy in the world.
"Soon, India will become a USD 5 trillion economy. There is no doubt that India will be the growth engine of the world in the years to come," Modi said and added that the country converted disasters and hardships into opportunities for economic recovery.
While mentioning about the strides made by India on the digital payments front, Modi said there are many possibilities for using the Unified Payments Interface for BRICS. He also said that Brazil, Russia, India, China and South Africa (BRICS) together can contribute significantly to global welfare, particularly of the Global South.
Iran, Algeria, Argentina, Egypt, Indonesia, Saudi Arabia, Turkey, United Arab Emirates and many other countries want to join this economic group.
The 15th BRICS summit, a bloc of emerging economies of the world consisting of Brazil, Russia, India, China and South Africa, will be held from August 22 to 24 in Johannesburg, South Africa. 219
