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Thank you for tuning in to CA Ritu Chauhan! Prime Minister Narender Modi played up India's economic growth story during his remarks at the BRICS Business forum leaders dialogue in Johannesburg on Tuesday. Modi is visiting south Africa for the 15th BRICS leaders summit. The Prime Minister said there was no doubt that India would be a growth engine for the world. Though the global economy is in the doldrums, India has emerged as the Dastest growing major economy, Modi added. He spoke about his Goverment's record on bringing in reforms such as the insolency and bankruptcy code and the goods and services tax (gst) to improve ease of doing business and boost investor confidence. He also spoke about the improvement in public service delivery, particularly through the use of technology,and the reduction in corruption. He added that direct benefit transfers worth over $360 billion have been made to citizens. About BRICS:- It is an acronym for 5 emerging economies of the world- Brazil, Russia, India, China, South Africa The term BRIC was coined by Jim O' Neil (Chairman of Golman Sachs in 2001) The first BRIC summit took place in the year 2009 in Yekaterinburg (Russia), in 2010, South Africa joined the association making it BRICS. Type- Economic And Poltical Regional Organization. Major Points - 1. despite a shaky world economy, India has emerged as world's fastest growing Majoe economy. India will soon become 5 trillion dollar economy. 2. in 2019, when the first Brics summit was held, the world was coming out a big economic crisis. At that time, Brics had emerged as ray of hope for the world economy. 3. India will be the growth engine of the world. it's because India turned calamity and tough times into economic reforms. 4. in the last few years, the ease of doing business in India has improved due to the work done in the mission mode. 5. we have focused on public service delivery and good governance. in India UPI is used at all levels...today among all countries in the world, India is the country with the highest digital transaction. today, UPI is being used by street vendors to those shopping malls. 6. investor confidence has increased after the Impelementation of GST and insolvency and bankruptcy code in India. 7. Defence and space sectors opened for the private sector... with the use of technology, we have Takena leap in financial inclusion. 8. We are actively taking steps to make India a manufacturing hub in the areas of solar energy, wind energy, electric vehicles and green hydrogen. Contact US: Connect with us on LinkedIn: Ritu Chauhan (Ruchi Anand And Associates) Follow our youtube channel : CA Ritu Chauhan Our website:- www.raaas.com About Us: Certified Chartered Accountant with 15 years of experience, India entry consulting, FDI consultant, FDI expert, ODI consultant. Into Business Advisory, Tax, Regulatory and Risk Advisory besides setting up businesses in India for foreign companies and taking care of their compliance needs. #modi #brics

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