Russia’s economy to outpace global growth; focus on fiscal stability, technology and foreign ties: Putin

Russian President Vladimir Putin stressed the need for Russia’s economic growth to outpace global rates during a conference addressing financial matters.At the conference, Putin highlighted how the country's fiscal stability and execution of initiatives and schemes are directly linked to its economic performance. "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 Russian President said, as reported by ANI quoting 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," he added. In September, Putin participated remotely in the BRICS virtual summit hosted by Brazil. According to the Russian Embassy in India, "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, representing PM Modi at the summit, highlighted India’s view that BRICS should focus on stabilising the international economy, addressing the effects of ongoing conflicts on the Global South, and actively promoting multilateral reforms—emphasising shared economic priorities among member nations.