Jair Bolsonaro Brazilian President has accepted PM Modi’s invitation to be the chief guest at India’s Republic Day celebrations 2020 in New Delhi.
Prime Minister Narendra Modi is currently on a 3-day Brazil visit to attend the 11th BRICS Summit with agenda on economic Growth for an Innovative Future.
Modi met Bolsonaro on the sidelines of the BRICS Summit taking place in Brazilian capital and discussed bilateral ties between the two nations, and a roadmap for future.
According to an official statement, Brazilian President Bolsonaro accepted PM Modi’s invitation with pleasure. The statement further added leaders of both the nations agreed that this will further enhance strategic partnership.
Addressing a session at the BRICS Summit, PM Modi said BRICS is for Business, BRICS is for growth and highlighted the significant contribution of BRICS businesses in fueling the engine of global growth.
The BRICS is a summit between five major world economies Brazil, Russia, India, China, and South Africa. Together, these countries constitute 42% of the world population, contribute to 23% of the global Gross Domestic Product and around 17% of the world trade share, according to reports.
At the conclusion of the summit, leaders will issue a joint declaration.
BRICS brings together five major emerging economies comprising 42% of the world’s population, having 23% of the global GDP and around 17% of the share and world trade.