BRICS Business Council News
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According to IMF's estimates, BRICS countries generated 22.53 per cent of the world GDP in 2015 and has contributed more than 50 per cent of the world economic growth during the last 10 years.
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BRICS members also said they will continue to promote the implementation of the World Bank Group Shareholding Review.
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In his intervention at the Dialogue with BRICS Business Council, he said programmes to promote use of digital mode for payments and transactions, encourage start-ups to set up businesses and boost local manufacturing are changing the economic landscape of the country.
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Indian-origin South African billionaire Iqbal Surve has been appointed as chairperson of the country's BRICS Business Council and has underlined the need for strengthening trade ties with countries like India and China.
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BRICS nations` business leaders on Thursday agreed that utilising individual country strengths and specialisations would be key to deepening economic integration of this group of emerging economies.
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The 5-nation BRICS group will hold 3 major events here this month, including a trade fair and a business forum meeting, to deepen economic engagement, the Commerce Ministry said Monday.
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The first trade fair of the BRICS countries will be held here next week on October 12-14, as well as meetings of the BRICS Business Forum and BRICS Business Council, ahead of the leaders` summit in Goa, the Indian government said on Monday.
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Non-tariff barriers, ways to promote services sector and cooperation in intellectual property rights (IPRs) are the key issues to be discussed in the meeting of trade ministers of BRICS on October 13 here.
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