BRICS economies are major engines of global growth: FM Sitharaman

Source: Lokmat Times | Original Published At: 2026-08-12 10:46:54 UTC

Key Points

• Nirmala Sitharaman addressed a seminar on the New Development Bank's role in mobilising private capital in member countries.
• The seminar took place alongside the BRICS Finance Ministers’ and Central Bank Governors Meeting under India's chairship.
• Sitharaman said stable, predictable policy frameworks are essential to sustained private investment across BRICS countries.
• She highlighted multilateral development banks' role in reducing investment risks, improving project bankability and strengthening investor confidence.
• India's examples included viability gap funding, the hybrid annuity model, credit enhancement mechanisms and Infrastructure Investment Trusts.
• Economic Affairs Secretary Anuradha Thakur emphasised durable capital mobilisation frameworks supported by multilateral collaboration.