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India can become a pillar of global growth and stability: PM Modi

Antalya: Pledging to quadruple India’s renewable power capacity to 175 gigawatt by 2022 and cut fossil fuel subsidies, Prime Minister Narendra Modi asked world’s top economies to build support systems focused on nations that have the maximum growth potential. “Our programmes of inclusive development, including financial inclusion, universal access to basic needs by target year, Make in India, Skill India, Digital India, industrial corridors and smart cities will boost growth and employment in India”, Modi said.

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The resolution on terror would be separate from the main Summit declaration, officials said.

“We stand united in strongly condemning the awful acts of terrorism in Paris”, he said. “We have ambitious plans for addressing the challenges of climate change”, he said.

Narendra Modi, at a meeting of the BRICS leaders on the sideline of the G20 Summit in Turkey, made a case for a united global effort to combat the menace of terrorism. Earlier speaking at the BRICS leaders’ meeting on the sidelines of the G20 Summit, he said, “The need for a united global effort to combat terrorism has never been more urgent”.

Modi said India attached the highest importance to BRICS. Modi also raised the issue of new conditions being proposed by multilateral agencies which India says will push up the cost of loans and hurt development.

Besides Modi, BRICS meeting is being attended by Russian President Vladimir Putin, Chinese President Xi Jinping, South African President Jacob Zuma and Brazilian President Dilma Rousseff.

Modi also said the theme of India’s BRICS chairmanship will be “Building Responsive, Inclusive and Collective Solutions” which, in short, will be “BRICS”. “It aptly describes the ethos of our group”, he added.

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It should also stop the flow of arms and explosives to terrorist groups, create special worldwide legal regime to disrupt terrorist activities. He also demanded early adoption of the Comprehensive Convention on worldwide Terrorism. Stating that all the members need to implement their commitments, the PM said G20’s continued call to central banks for careful communication on monetary policy actions will be helpful in keeping financial and currency markets stable.

India can become pillar of global growth: Modi