Putin Praises India's Economic Surge at BRICS Summit

Russian President Vladimir Putin praised India's economic growth during the 16th BRICS Summit in Kazan. He commended Prime Minister Narendra Modi's efforts as an example for other BRICS nations. India's economy is projected to grow at 7% this year, with strong macroeconomic fundamentals, as highlighted by the IMF.

During the 16th BRICS Summit in Kazan, Russian President Vladimir Putin lauded India's economic progression as a standard for other member nations. Addressing the summit, Putin expressed gratitude to Prime Minister Narendra Modi for his participation and leadership.

Putin praised India's strong economic performance, noting its projected 7% growth for the current year. The IMF also highlighted India's solid macroeconomic fundamentals despite global uncertainties.

Bilateral trade between Russia and India continues to flourish, reaching a peak of USD 56.8 billion last year. This trend persists with a 9% increase this year, attributed mainly to oil supplies.

(With inputs from agencies.)