BRICS Summit 2024 in Kazan (Russia) : Modi-Putin Bilateral Talks to Strengthen Economic and Strategic Cooperation Amid Geopolitical Challenges and peaceful decisions

BRICS Summit 2024 in Kazan (Russia) : Modi-Putin Bilateral Talks to Strengthen Economic and Strategic Cooperation Amid Geopolitical Challenges and peaceful decisions.

Introduction

16th BRICS Summit BRICS Summit 2024 is being held in the Kazan, Russia on October 22-23.The BRICS group, which includes Brazil, Russia, India, China, and South Africa, has been trying to further increase its role in global politics in the last few years. The main objective of this summit is to strengthen multilateral cooperation at the global level, which is extremely important in terms of economic development, security, and stability.

In this article we will discuss in detail the background of the BRICS summit, the features of the meeting between Modi and Putin, and its global impact. The bilateral talks in between the Indian Prime Minister Narendra Modi and the Russian President Vladimir Putin are important in this summit, which is expected to increase the strategic cooperation between the two countries.

History and Evolution of BRICS

In 2010, South Africa was added to the group, leading to the renaming of BRICS. The BRICS
groups aim to promote economic and political cooperation among countries of the global south, and it focuses on issues that are important to the developing countries.
The BRICS group was formed in 2006, bringing together four major emerging economies – Brazil, Russia, India, and China.
The major objectives of BRICS include:

Economic cooperation: To promote trade and investment among BRICS countries.

Diplomatic relations: To protect the interests of its member countries with solidarity at the global level.

Social development: To promote socio-economic development in member countries.

Significance of the BRICS Summit :

This year’s BRICS summit is taking place at that time when global politics is undergoing significant changes. The Russia-Ukraine war, growing tensions with China, and the decline in the influence of Western countries have made the role of BRICS even more important.
Global challenges
The BRICS countries are facing various global challenges, such as:

Climate change: Climate change has posed new challenges for all countries, and BRICS needs to take concrete steps in this direction.

Economic slowdown: The economic slowdown at the global level has affected developing countries, and the BRICS countries have to face this challenge unitedly.

Political instability: The instability in global politics has increased the need for cooperation among the BRICS countries.

Modi-Putin bilateral meeting

Background of the meeting
This meeting between Prime Minister Modi and President Putin is an important extension of their previous dialogues. In the past years, the two leaders have communicated with each other several times, discussing various global issues. The main objective of this time’s meeting is to further strengthen bilateral relations.

Agenda of the meeting

Many important issues will be discussed during this bilateral dialogue :

Economic cooperation : New strategies will be considered to increase trade and investment between India and Russia. India has increased energy imports from Russia in the last few years, and further steps in this direction can be taken in this direction in this meeting.

Security and Defence Cooperation : Modi and Putin can discuss ways to strengthen defence cooperation. This is especially important as India relies on Russian technology in the purchase of military equipment for its armed forces.

Global Geopolitics : Ukraine conflict and relations with China will be discussed. India has always stressed the need to solve global problems through peaceful dialogue.

Science and Technology: Both leaders will also consider ways to increase cooperation in the field of technology and innovation.

Future of BRICS and Modi’s role

The future of BRICS will definitely be important in global politics. Modi’s visit and talks with Putin can prove to be helpful in setting a strategic direction for India.

India’s position

India is an important member of BRICS and it needs to play a permanent and effective role in this group. Modi’s government has attempted to advance its diplomatic and economic interests through BRICS in recent years.

Global influence in BRICS

The BRICS group provides an important platform on global issues. Through this group, developing countries get an opportunity to raise their voice. An important objective of BRICS is to create a balance between developed and developing countries, which can affect global trade and development.

BUSINESS INSIDER

Global trade
Special measures can be taken to increase trade among BRICS member countries. For example, new trade policies can be created to promote trade relations between Russia, India and China. This group is making an effort to challenge the dominance of Western countries in global trade.

Climate change and development
BRICS also needs to work together against climate change and its effects. The group should discuss climate change issues among its member countries and make collective efforts to resolve it.

BRICS and sustainable development
BRICS was formed to ensure sustainable development for developing countries. The aim of this group is not only economic development but also to maintain social and environmental balance.

Socio-economic Issues of BRICS
The BRICS countries need to make collective efforts for socio-economic development. It is important that these countries cooperate in the areas of education, health, and infrastructure.

Conclusion

The BRICS Highest point 22 october 2024, which was held in Kazan, was a stage as well as an image of fortitude and responsibility of emerging nations to confront worldwide difficulties by and large. The respective discussions between Head of the state Narendra Modi and President Vladimir Putin have given new aspects to the India-Russia relations, and clarified that the two not entirely set in stone to push ahead in the field of aggregate security, financial participation, and innovation.

The issues raised during this highest point, for example, worldwide exchange, environmental change, and aggregate security have additionally expanded the significance of BRICS. The gathering is presently not simply a financial stage yet is arising as a significant power in worldwide legislative issues, fit for testing the impact of Western nations.

Thus, the BRICS Summit 2024 has given a new hope to the developing countries, and has shown that when these countries come together, they can bring about significant changes at the global level. Now it is up to the BRICS how they capitalize on this opportunity and face the challenges ahead. In this context, India’s role and PM Modi’s diplomatic capabilities will be extremely important.

The outcomes of this dialogue and conference are important not only for BRICS members, but also for the global community. They will determine how the voice of developing countries can be heard more on the global stage.

Way Forward
Amidst the current geopolitical challenges, BRICS members must ensure that their policies and strategies promote sustainable development and collective security. In the future, new initiatives will be needed to promote cooperation and dialogue among BRICS countries.

Thus, the BRICS Summit 2024 has opened new possibilities for developing countries at the global level, and steps taken in this direction can prove to be important for global stability and prosperity.