India remains committed to a fair, inclusive, and rule-based global trading system that reflects the needs of the Global South, Lok Sabha Speaker Om Birla said while addressing the 2nd Working Session of the BRICS Parliamentary Forum in Brasília, Brazil.
Speaking on the theme ‘BRICS Parliamentary Action in Search of New Paths for Economic Development’, Birla highlighted India’s economic resilience, noting that the country has consistently outpaced global growth averages despite international uncertainties and domestic challenges.
“India has risen from the tenth largest economy in 2014 to the fourth largest today, driven by robust policies and the strength of its people,” he said, adding that India’s GDP growth averaged over 7% between 2014–15 and 2024–25, making it the fastest-growing major economy.
Birla described the BRICS Parliamentary Forum as a key platform for fostering cooperation and redefining the contours of economic development among member nations. He emphasized the importance of enhancing intra-BRICS trade, investment, and financial collaboration to deepen economic progress.
Welcoming the recent expansion of the BRICS grouping, the Speaker said it would contribute to greater inclusivity and impact in global affairs.
Highlighting India’s domestic strengths, Birla noted the country’s stable governance, transparent tax systems, strong constitutional institutions, and leadership that has built investor confidence. He also underlined the demographic advantage of India’s youthful population, with over 65% of citizens under the age of 35, driving progress across manufacturing, digital technology, healthcare, and green energy sectors.
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