Salient points of Prime Minister Narendra Modi’s opening remarks at BRICS Summit on October 16, 2016

• We have built new global institutions to complement the existing architecture.
The NDB & Contingency Reserve Arrangement stand out.

• BRICS must play an active role in setting a direction that supports our common aspirations and goals

• Our increasing inter dependence means that our march towards economic prosperity cannot be separated from the emerging geo political context

• If new drivers of growth have to take root, there must be unhindered flow of skilled talent, ideas, technology & capital across borders

• The most serious direct threat to our eco prosperity is terrorism; Tragically, its mother-ship is a country in India’s neighborhood

• The growing arc of terrorism today threatens Middle East, West Asia, Europe and South Asia

• Its violent footprints put at risk the security of our citizens and undercuts our efforts aimed at economic growth

• In our own region, terrorism posses a great threat to peace, security and development.

• The path laid down by the SDGs or Agenda 2030 is a valuable blueprint of hope. India’s own development priorities are aligned with them

• India has recently ratified the Paris Climate Agreement. We are committed to a harmonious balance between development and climate change