| Follow us on:
|
The Indian finance minister today announced further liberalisation of FII norms.
Brazil say that BRICS are countries of highlight and should have a more permanent role on the IMF's governance.
President Rousseff has led a number of initiatives to boost GDP after a lackluster 2012 performance by Brazil.
There is an urgent need for BRICS policymakers to learn from new realities and move away from the neoliberal economic policies imposed by existing financial institutions.
China agreed to double oil supplies and has thrown support behind construction of a natural gas pipeline from Russia.
BRICS members advocate the creation of a just system of global economic relations, said the Russian president.
BRICS nations contributed roughly $2.2 trillion in economic growth last year.
The Indian prime minister will get the opportunity to hold dialogue with the new Chinese president at the BRICS Summit.
The report states that reforming the international financial and monetary system is a priority for BRICS.
China has targeted 7.5 per cent economic growth and 3.5 per cent inflation this year.
