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Putin is in the southeastern Chinese coastal city of Xiamen to attend the ninth BRICS summit from Sept. 3-5.
In the past 10 years, BRICS combined GDP has grown by 179%, the Chinese President said.
The 9th annual BRICS summit is being held from Sept. 3 to Sept. 5.
China's Xiamen is gearing up to hold the 9th BRICS Summit in the three days up to September 5.
"NDB signifies developing countries’ coming of age and reflects their aspirations to stand on their own feet."
India's gross domestic product grew 5.7 per cent in the latest quarter.
Government initially pegged 4-5 trillion rupees not to return.
Several of China's provinces have been hit by heavy rainfall in the wake of powerful typhoons since June.
The Indian government statement came ahead of the 9th BRICS Summit being hosted by China next week.
China was the largest trading partner for the other four nations last year.
