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Key Points

President Putin has declared that Russia's economic growth must outpace the global average. He emphasized that national financial stability depends on achieving these accelerated growth rates. The Russian leader outlined strategies including technological advancement and foreign partnerships. This comes shortly after Putin's participation in the BRICS virtual summit focused on international economic cooperation.

Key Points: Putin Says Russian Economy Must Outpace Global Growth Rate

  • Putin links public finance stability to economic growth targets
  • Russian economy must exceed global growth through domestic potential
  • Emphasis on developing foreign partnerships and advanced technologies
  • BRICS summit addressed trade cooperation amid global economic challenges
2 min read

Growth rate of Russian economy should outpace dynamics of global economy: Putin

Russian President Vladimir Putin declares national economy must grow faster than global average, emphasizing financial stability and technological advancement during economic meeting.

"to outpace the dynamics of the global economy - Vladimir Putin"

Moscow, September 16

Russian President Vladimir Putin emphasised that the growth rate of the Russian economy should outpace the dynamics of the global economy during a meeting on economic issues, as reported by TASS.

During the meeting, Putin stated that stability of public finances, the implementation of planned projects and programs directly depend on the state of affairs in the Russian economy.

"It is obvious that the stability of public finances, the implementation of planned projects and programs directly depend on the state of affairs in the Russian economy. And here we have set the main goal, namely, to ensure the growth rates necessary for this," the President said as quoted by TASS.

"[The Russian economy should strive] to outpace the dynamics of the global economy by revealing the own potential of industries, regions and territories, developing ties with foreign partners, through the widespread introduction of advanced technologies, and mastering new promising areas of the modern economy," Putin said during the meeting, as quoted by TASS.

Earlier in September, Russian President Vladimir Putin virtually participated in the BRICS virtual summit, which took place under the chairmanship of Brazil, the Russian Embassy in India shared.

As per the statement by the Embassy, "Cooperation between member countries in trade and economy, finance, investment, and other areas amid the current global economic landscape was on the agenda".

External Affairs Minister S Jaishankar represented PM Modi at the virtual summit.He underscored in a post on X that India's message was that BRICS should work towards stabilising the international economy, address the impact of ongoing conflicts on the Global South & proactively support reforming multilateralism.

- ANI

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Reader Comments

P
Priya S
Interesting to see Russia focusing on economic growth despite global pressures. India can learn from their resilience in certain sectors, especially technology and energy. But we must maintain our strategic autonomy.
A
Aryan P
Russia has been a reliable partner for India for decades. Their economic stability matters for our defense and energy security. Hope the BRICS platform helps both our economies grow together. 🤝
S
Sarah B
As an expat in India, I find the Russia-India economic relationship fascinating. Both countries are navigating complex global dynamics. Hope the focus remains on mutual benefits rather than political posturing.
V
Vikram M
While economic growth is important, we should also consider the ethical dimensions of international partnerships. India's stance at BRICS about supporting Global South is commendable. Our foreign policy should balance economics with values.
N
Nikhil C
Russia's focus on technology and innovation is noteworthy. India should strengthen cooperation in these areas while ensuring technology transfer benefits our Make in India initiative. Jai Hind! 🚀

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