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QUESTION NO.1965 ROLE OF BRICS IN INTERNATIONAL CONTEXT

December 05, 2019

RAJYA SABHA
UNSTARRED QUESTION NO.1965
TO BE ANSWERED ON 05.12.2019

ROLE OF BRICS IN INTERNATIONAL CONTEXT

1965. SHRI MANAS RANJAN BHUNIA:

Will the Minister of EXTERNAL AFFAIRS be pleased to state:

(a) whether India is not in active role for the acceleration of the role of Brazil, Russia, India, China, South Africa (BRICS) in international prospective;

(b) if so, the reasons for not taking an active role in BRICS at present; and

(c) the present outlook and international context of BRICS?

ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF EXTERNAL AFFAIRS
[SHRI V. MURALEEDHARAN]

(a) to (c) India along with Brazil, Russia, China and South Africa actively engages on issues of global importance through BRICS. BRICS is an important Grouping bringing together the major emerging economies from the world, comprising 42% of the world population, having 23% of the world GDP and over 16% share in the world trade. BRICS countries have been the main engines of global economic growth over the years. At the same time, BRICS has emerged as a major factor in a peaceful, prosperous and multi polar world.

During Summit, BRICS Leaders discuss various issues of global importance including global financial and security situation, countering terrorism, climate change, sustainable development, reform of the multilateral system, reform of WTO and institutions of international governance, ways to promote Intra-BRICS cooperation including in science & technology, trade, health, information and communication technology, people-to-people exchanges. In all BRICS Leaders Summits, Indian delegations have been led by Prime Minister.

BRICS cooperation is broadly covered under Economic, political & security, and people-to-people exchanges. From inception, finance and trade is a major area of Intra-BRICS Cooperation. The New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) are the major outcomes in this area. NDB has funded/decided to fund 44 projects worth more than USD 12 billion, within BRICS countries including 8 projects worth USD 3246 million in India. Further, Contingent Reserve Arrangement to provide protection against global liquidity pressures has been set up in BRICS.

BRICS Leaders have been supporting India’s stand on countering terrorism and that terrorism is not acceptable in any form and manifestation. BRICS Leaders also listed the terrorist entities like LeT, JeM, TTP etc. as perpetrators of violence. Counter Terrorism Working Group in BRICS has set up subgroups to cover various aspects of countering terrorism.

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