"I invite all of you to be a part of India's journey of development. The COVID pandemic has taught us the importance of resilient and inclusive supply chains. Mutual trust and transparency are crucial for this," PM Narendra Modi said in his remarks at the BRICS Business Forum Leaders’ Dialogue at Johannesburg, South Africa.
This year it the first in-person BRICS Summit after three years of virtual meetings. He said when the first BRICS Summit was held in 2009, the world was emerging from a major economic crisis and the bloc had become a ray of hope for the global economic set-up.
“Despite the turmoil in the global economy, India is today the fastest growing major economy in the world....Soon India will become a $5 trillion economy. There is no doubt that India will be the growth engine of the world in the years to come.”
India has converted times of hardship into opportunities for economic recovery, and its reforms have led to an increase in the ease of doing business, he said.
"There is no doubt that in the coming years, India will be the Growth Engine of the world. This is because India has transformed times of adversity and challenges into an opportunity for economic reforms. In the past few years, the reforms we have undertaken in mission mode have led to consistent improvement in the ease of doing business in India.
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