BRICS economy is approaching the combined GDP of G7 countries: Piyush Goyal
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Manufacturing is an important part of trade and industry and plays a vital role in the development of a country. Although it continues to dominate the economy, but the 21st century has seen a big change in what we manufacture, how we manufacture.
Johannesburg. Union Commerce Minister Piyush Goyal on Monday said that BRICS is an important force for global growth and the economies of the five-member grouping are approaching the combined gross domestic product (GDP) of the G7 countries with significant changes in the manufacturing process. He was addressing the inaugural session of the BRICS Manufacturing Business Summit.
Addressing delegates from over 30 countries at the event, Goyal said, “21st century has seen a sea change in what we manufacture, how we manufacture, for whom we manufacture He told the conference, “Manufacturing is an important part of trade and industry and it plays an important role in the development of a country. Although it continues to dominate the economy, but the 21st century has seen a big change in what we manufacture, how we manufacture.
The summit is a precursor to the 15th BRICS summit. Leaders of Brazil, Russia, India, China and South Africa will discuss a wide range of topics at the 15th BRICS summit on Wednesday.
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