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India’s robust relations with other G7 countries underscore its ability to maintain strong ties despite isolated disputes. India’s participation in BRICS 2024 underscores its influence as a mediator.
BRIC, as a formal grouping, started after the meeting of the Leaders of Russia, India and China in St Petersburg on the margins of the G8 Outreach Summit in 2006. The grouping was formalised during the first meeting of BRIC Foreign Ministers on the margins of UNGA in New York in 2006.
In their bilateral discussions, Modi and Putin likely examined increased collaboration in the energy sector, particularly in nuclear and renewable resources.
BRICS is an important grouping bringing together the major emerging economies from the world, comprising 41 per cent of the world population, having 24 per cent of the world GDP and over 16 per cent share in the world trade.
