INDIA: The BRICS Business Forum met for the first time as part of the 19th St. Petersburg International Economic Forum in the run up to the BRICS Summit that will take place in Ufa next month. Chaired by Sergei Katyrin, president of the Russian Chamber of Commerce and Industry,
the session saw an exciting discussion on the future of BRICS as a political and economic platform, given the bloc’s rising share in the world economy.Alexey Likhachev, Russia’s first Deputy Minister for Economic Development, said the countries had jointly developed a partnership strategy that may be approved at next year’s BRICS summit under India’s presidency.
“An economic partnership roadmap is a collective document in which all countries have expressed their interest, identified areas of cooperation that will become our development priorities, and set certain growth targets for economic cooperation,” he said. Russia’s roadmap includes 50 projects that may be implemented on a multilateral basis
