PM Modi’s Visit to Russia for BRICS Summit
Strengthening India-Russia Ties
Indian Ambassador to Russia, Vinay Kumar, highlighted India’s commitment to economic cooperation within BRICS ahead of Prime Minister Narendra Modi’s visit to Russia. The BRICS Summit in Kazan will focus on expanding economic cooperation, trade in national currencies, sustainable development, and digital inclusion.
PM Modi will meet Russian President Vladimir Putin to discuss bilateral ties, aiming for a trade target of USD 100 billion by 2030. Cultural cooperation is also a key aspect, with Indian films and culture being popular in Russia.
Russian President Putin praised Bollywood and expressed interest in promoting Indian films in Russia. The BRICS Summit, themed “Strengthening Multilateralism for Just Global Development and Security,” will provide a platform for leaders to discuss global issues and future collaboration.
Doubts Revealed
PM Modi -: PM Modi refers to Narendra Modi, who is the Prime Minister of India. He is the leader of the Indian government and represents India in international meetings.
Russia -: Russia is a large country located in Eastern Europe and Northern Asia. It is known for its rich history, culture, and strong political influence in the world.
BRICS Summit -: BRICS is a group of five countries: Brazil, Russia, India, China, and South Africa. They meet regularly to discuss economic and political issues, and the BRICS Summit is a meeting where leaders from these countries come together.
Indian Ambassador Vinay Kumar -: Vinay Kumar is an Indian diplomat who represents India in Russia. An ambassador is someone who works in another country to help maintain good relations between the two countries.
Economic cooperation -: Economic cooperation means working together to improve trade and business between countries. It involves making agreements that help both countries grow economically.
Trade in national currencies -: Trade in national currencies means that countries exchange goods and services using their own money instead of using a common currency like the US dollar. This can make trade easier and more beneficial for the countries involved.
Sustainable development -: Sustainable development is about growing and improving in a way that doesn’t harm the environment or use up all the natural resources. It means thinking about the future while making progress today.
USD 100 billion trade target -: A USD 100 billion trade target is a goal set by India and Russia to increase the amount of goods and services they exchange to be worth 100 billion US dollars by the year 2030.
Cultural ties -: Cultural ties refer to the connections between two countries based on shared interests in things like music, movies, art, and traditions. For example, Indian films being popular in Russia is a cultural tie.
Multilateralism -: Multilateralism is when multiple countries work together on common issues or goals. It means cooperating with many countries instead of just one or two.
